Early childhood education and care (ECEC) policies can have a major role in levelling the playing field in education and society by providing all children, and especially those from disadvantaged backgrounds, with opportunities to participate in high-quality early learning and development...

Accurate and robust long-term cash flow forecasting is crucial for computing the intrinsic value of stocks. Bayesian Hierarchical model (BH) takes advantage of massive information sharing across firms and across time to model firm level mean-reversion speed and offers a better forecast for...

This paper compares the distributional effects of price cap and lump sum transfer policies to aid the affordability of subsistence electricity consumption. A lump sum transfer is more progressive than a comparable price cap on all units of electricity. We identify conditions under which these...

This paper compares the distributional effects of price cap and lump sum transfer policies to aid the affordability of subsistence electricity consumption. A lump sum transfer is more progressive than a comparable price cap on all units of electricity. We identify conditions under which these...

We study how firms' perceived cost of capital is related to risk factors in financial markets. The analysis is based on hand-collected data from Gormsen and Huber (2022), which cover firms' perceived cost of capital and discount rates for more than 2,500 firms. Consistent with Modigliani-Miller,...