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CPB | Economic Policy Analysis

Publications

Year

Author

Type

September 26, 2017

Exact Nonlinear and Non-Gaussian Kalman Smoother for State Space Models with Implicit Functions and Equality Constraints
Download Exact Nonlinear and Non-Gaussian Kalman Smoother for State Space Models with Implicit Functions and Equality Constraints, Pdf, 1.5 MB
Exact Nonlinear and Non-Gaussian Kalman Smoother for State Space Models with Implicit Functions and Equality Constraints, Pdf, 1.5 MB

In this paper, I present a novel implementation of the exact nonlinear and non-Gaussian Kalman smoother that can also deal with implicit functions in the measurement and/or state equations as well as equality constraints. →

August 15, 2017

Capital structure determinants and adjustment speed: An empirical analysis of Dutch SMEs
Download Capital structure determinants and adjustment speed: An empirical analysis of Dutch SMEs, Pdf, 1.3 MB
Capital structure determinants and adjustment speed: An empirical analysis of Dutch SMEs, Pdf, 1.3 MB

This paper presents empirical evidence of both the determinants and the adjustment speed of capital structure of small and medium-sized enterprises (SMEs) in the Netherlands. →

July 6, 2017

A lost generation? The early career effects of graduating during a recession
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A lost generation? The early career effects of graduating during a recession, Pdf, 1.4 MB

We estimate the effect of graduating during a recession on the early careers of high educated graduates in the Netherlands between 1996 and 2012. Exploiting field-specifi c differences in un-employment rates, we fi nd that graduates on average suffer a 2.3% lower wage in a typical recession in their first year. →