Archives for CORE

Identification and Estimation issues in Exponential Smooth Transition Autoregressive Models Daniel Buncic, Sveriges Riksbank Exponential smooth transition autoregressive (ESTAR) models are widely used in the international finance literature, particularly for the modelling of real exchange...

Immigration and Fiscal Balance: Evidence from Western European Countries Hippolyte d'Albis, PSE This paper evaluates the fiscal effect of international migration. It first proposes a theoretical framework that highlights the importance of both the demographic structure and the size of public...

Approval voting and Shapley ranking Pierre Dehez, CORE UCLouvain Approval voting allows voters to list any number of candidates. Their scores are obtained by summing the votes cast in their favor. Fractional voting instead follows the One-person-one-vote principle by endowing voters with a...

Dollar Funding and Firm-Level Exports Jean-Stéphane Mesonnier, Banque de France How do financial frictions in currency markets affect firm-level exports? We bring new answer to this question by looking at a recent episode in the Summer of 2011 when the cost of US dollar funding increased...