This paper assesses the transmission of fiscal policy shocks in a New Keynesian framework where government expenditures contribute to aggregate production. It is shown that even if the impact of government expenditures on production is small, this assumption helps to reconcile the models'...

We study the consequences of non-neutrality of government debt for macroeconomic stabilization policy in an environment where prices are sticky. Assuming transaction services of government bonds, Ricardian equivalence fails because public debt has a negative impact on its marginal rate of return...

This paper studies the effect of urban trees on house prices in Amsterdam by utilizing a detailed data set of trees that were cut-down near the house. By using exogenous reasons the tree was cut-down such as disease or storm, unobserved heterogeneity can be dealt with, and a causal effect...

We combine data from the Amsterdam secondary-school match with register data and survey data to estimate the effects of not being assigned to one's first-ranked school on academic outcomes and on a wide range of other outcomes. For identification we use that secondaryschool assignment in...

A large literature has emerged focusing on the post-entry performance of firms and, in particular, on thelinks between firm growth, survival, size and age. While these studies have resulted in findings that aresufficiently consistent as to constitute Stylized Facts, virtually all of these...

When firms decide to change office space use, in many instances this involves relocation. Relocation involves sizablecosts to the firm that can to a large extent be characterized as lump sum, i.e. independent of the change in demand. Inthis paper we propose and solve a model of the demand for...

In our modern network world, ICT acts as a connecting and integratingmechanism. Information (data, knowledge)has become a core constellation in an open economy. The avalanche ofinformation supply however, has not keptpace with the use of information by decision-making bodies.Especially in the...

Contemporary migration studies witness an increasing interest in the socio-economicrole of networks of migrants. Such networks are sometimes even regarded as the mostimportant attraction and location factors for migration, and may even exceed purelyeconomic factors like unemployment and wage...

Ethnic entrepreneurship has become a popular concept in a modernmulti-cultural society. This paper seeks to offer an overview of thepotential of ethnic entrepreneurship for solving inter alia thestructural unemployment problems of ethnic groups in cities. Thepresent paper addresses in particular...

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus value of a realized match. From this perspective our study presents an econometric analysis of the influence of labor market flows on wage formation as alternative to the...