1. Refereed Journal // 2011

    What Explains the Spread between the Euro Overnight Rate and the ECB's Policy Rate?

    We employ a time series econometric framework to explore the structural determinants of the spread between the European Overnight Rate and the ECB's Policy Rate (EONIA spread) aiming to explain the widening of…

  2. Refereed Journal // 2011

    What the Design of an R&D Tax Incentive Tells About its Effectiveness: A Simulation of R&D Tax Incentives in the European Union

    Most industrialized countries apply special tax incentives to boost the R&D expenditures of firms. This study considers the design of such R&D tax incentives as applied in the European Union and simulates its…