It is well-known that individuals born in different periods of time (cohorts)exhibit different wealth accumulation paths. While previous studies have usedcohort dummies to proxy for this fact, research in this area suffers from aserious identification problem, i.e., how to disentangle age, time,...

We analyze attendance of professional football matches in England finding that it is related to unemployment over a very long period of time. More unemployment leads to lower attendances. Distinguishing between leagues, we find that the relationship is larger for lower leagues, i.e. attendance...

In his last season as professional football player, Johan Cruyff played at Feyenoord. This paper shows that Cruyff improved the performance of his team and provides evidence of his presence attracting more stadium attendants to the home ground. From this it is concluded that Cruyff made a...

This paper examines long-term developments in stadium attendance in professional football in the Netherlands. As in many other European countries attendance had a U-shaped development with the lowest numbers in the mid-1980s. The developments in the Netherlands do not seem to have been affected...

We analyse the poisonous interaction between bank rescues, financial fragility and sovereign debt discounts. In our model balance sheet constrained financial intermediaries finance both capital expenditure of intermediate goods producers and government deficits. The financial intermediaries face...

We investigate the effectiveness of "Keynesian" fiscal stimuli when government deficits and debt rollovers are (possibly partially) financed by balance sheet constrained financial intermediaries. Because financial intermediaries operate under a leverage constraint, deficit financing of fiscal...