extensive simulation study and out-of-sample prediction exercise and find large improvements both in model selection and … prediction compared to alternative selection methods. Our proposed method has higher out-of-sample Sharpe ratios and explanatory …

factors also contribute to a higher risk of long-term unemployment. Surprisingly, workers from the construction sector do not …

classification of Dutch manufacturing that can be used for policy purposes. We use a twolimit tobit model with sample selection … innovative sales. The model is estimated for eleven industries based on the Dutch Standard Industrial Classification (SBI 1993 …

find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …

We examine the asymmetric impact of shocks to macroeconomic expectations and their underlying dispersion on equity risk … for the price of risk. We also document that the survey expectations-augmented specification reduces pricing and premium …

making and risk management. Over the past three decades there has been a trend towards increased asset return correlations … models proposed in the literature can be used to formally characterize and quantify market risk. In particular, we ask how … adequate these models are for modelling market risk at times of financial crisis. In doing so we consider a multivariate t …