How much is a resident willing to pay to avoid falling victim to a crime.in the neighborhood? Home prices and the number of sales change following a crime. Notably, price changes do not fully reflect the willingness to pay to avoid crime because of market illiquidity. We introduce a model in...

Motivated by the search for instruments to contain future housing bubbles, we examine the impact of transaction taxes and capital gains taxes on residential house price growth. We exploit the variation in taxation across Swiss cantons, as well as within-canton changes in taxation over time. We...

We delineate a non-co-operative game in which the countries of Europe implement restrictive measures to reduce the inflow of asylum seekers in their territories. These restrictions may divert the asylum seekers towards other countries, with spill over effects. Attention focuses on the role of...

What do we talk about when we talk about ethical diversity as a challenge to the normative justifiability of liberal democracy? Many theorists claim that liberal democracy ought to be reformed or rejected for not being sufficiently 'inclusive' towards diversity; others argue that, on the...

Does communication influence trust in the central bank? We examine this question using survey data covering 488,000 Eurozone citizens from 1999 to 2019. We find compelling evidence that more communication, as measured by the number of speeches made by representatives of the Eurosystem,...

Does communication influence trust in the central bank? We examine this question using survey data covering 488,000 Eurozone citizens from 1999 to 2019. We find compelling evidence that more communication, as measured by the number of speeches made by representatives of the Eurosystem,...