This paper examines the impact of current and future climate transition policies on Belgian firms as they approach the 2030 milestone set by the European Green Deal. Using data from an online survey conducted with members of key Belgian employers' federations, we assess the effects on firms'...

We consider a general real option model which allows finite values for all parameters influencing the value of waiting in case of uncertain and irreversible investment. We show that the traditional net present value rule and the commonly known Dixit-Pindyck approach are nested in the same...

Loss aversion has been shown to be an important driver of people’s investment decisions. Encouraged by regulators, financial institutions are in search of ways to incorporate clients’ loss aversion in their risk classifications. The most critical obstacle appears to be the lack of a valid...

Common sense tells that historical data are more informative for the estimation of today's nowcasting models when observed in a similar economic state as today. We operationalise this intuition by proposing a state-based weighted estimation procedure of GDP nowcasting models, in which...