We analyze the major challenges for the Ukrainian tax system for the post-war recovery of Ukraine. We identify four areas of concern: a large shadow economy, high taxation of labor income and a complex filing process and limited redistribution. For example, self-employed persons face only a flat...

This paper estimates the impact of the murder of film maker Theo van Gogh on November 2, 2004, on listed house prices in Amsterdam with a unique dataset. We use an hedonic-market approach to show that general attitudes towards Muslim minorities were negatively affected by the murder....

Dit artikel voegt een nieuwe dimensie toe aan het huidige debat over de positie en het beleid van de Nederlandse pensioenfondsen. Uitgangspunt hierbij is de veronderstelling dat pensioenfondsen verlies-avers zijn, eenl veronderstelling die een sterke empirische onderbouwing heeft. Met dit...

Little is known about the exact sources and risks of hedge fund's market neutral strategies. Based on existing views on arbitrage trading, such as done by hedge funds, we formulate and test a hypothesis that market neutrality is affected by market-wide liquidity. We find that such is the case...