Recent Submissions

  • Article  

    Structural breaks tests robust to regression misspecification 

    Alaa, Α.Μ.; Andreou, Elena; Boldea, O. (2018)
    Structural break tests for regression models are sensitive to model misspecification. We show—analytically and through simulations—that the sup Wald test for breaks in the conditional mean and variance of a time series ...
  • Article  

    Inference in Group Factor Models With an Application to Mixed-Frequency Data 

    Andreou, Elena; Gagliardini, P.; Ghysels, E.; Rubin, M. (2019)
    We derive asymptotic properties of estimators and test statistics to determine—in a grouped data setting—common versus group-specific factors. Despite the fact that our test statistic for the number of common factors, under ...
  • Article  

    Noisy Introspection in the 11–20 Game 

    Goeree, Jacob K.; Louis, Philippos; Zhang, Jingjing (2018)
    Previous experiments based on the 11–20 game have produced evidence for the level-k model with observed levels of strategic thinking consistently ranging from 0 to 3. Our baseline treatment uses the 11–20 game and replicates ...
  • Article  

    The effect of entry on R&D networks 

    Petrakis, Emmanuel; Tsakas, Nikolas (2018)
    We investigate the effect of potential entry on the formation and stability of R&D networks considering farsighted firms. The presence of a potential entrant often alters the incentives of incumbents to collaborate. Incumbent ...
  • Article  

    On Decay Centrality 

    Tsakas, Nikolas (2018)
    <section class="abstract"><h2 class="abstractTitle text-title my-1" id="d1234e2">Abstract</h2><p>We establish a relationship between decay centrality and two widely used measures of centrality, namely degree and closeness. ...
  • Report  

    Inflation Expectations and Monetary Policy in Europe 

    Andreou, Elena; Eminidou, Snezana; Zachariadis, Marios (Social Science Research Network, 2016)
    We use monthly data across fifteen euro-area economies for the period 1985:1-2015:3 to obtain different monetary policy shocks pertaining to more versus less informed individuals. We then investigate how these affect ...
  • Article  

    Does Exposure to the Refugee Crisis Make Natives More Hostile? 

    Hangartner, Dominik; Dinas, Elias; Marbach, Moritz; Matakos, Konstantinos; Xefteris, Dimitrios (2019)
    Although Europe has experienced unprecedented numbers of refugee arrivals in recent years, there exists almost no causal evidence regarding the impact of the refugee crisis on natives’ attitudes, policy preferences, and ...
  • Article  

    Electoral Competition with Primaries and Quality Asymmetries 

    Grofman, Bernard; Troumpounis, Orestis; Xefteris, Dimitrios (2019)
    We introduce primaries—both closed and open—into a Downsian model of two-party electoral competition allowing the two candidates in each party’s primary to differ in valence as well as in policy platform. The good news is ...
  • Article  

    Enforcement actions on banks and the structure of loan syndicates 

    Delis, Manthos D.; Iosifidi, Maria; Kokas, Sotirios; Xefteris, Dimitrios; Ongena, Steven (2020)
    We investigate the effect of regulatory enforcement actions on banks' reputation by estimating the effect of non-compliance with laws and regulations among lead arrangers on the structure of syndicated loans. Consistent ...
  • Article  

    Electoral rules, strategic entry and polarization 

    Bol, Damien; Matakos, Konstantinos; Troumpounis, Orestis; Xefteris, Dimitrios (2019)
    How does electoral rule disproportionality affect the structure of the party system (i.e. the number and the policy platforms of the competing parties)? By studying a model where both party entry and platform choice are ...
  • Article  

    Strategic voting when participation is costly 

    Xefteris, Dimitrios (2019)
    We study a general multiparty model of plurality rule elections with costly participation, and prove that strategic voting – that is, situations in which some voters abandon their most preferred alternative and vote ...
  • Article  

    Economic insecurity and political stability: a case for growth-targeting systemic vote 

    Matakos, Konstantinos; Xefteris, Dimitrios (2020)
    Abstract. In this paper, we focus on the years before the Great Recession (1960–2007) and, after addressing possible issues of endogeneity, we study the effect
  • Article  

    Social welfare with net utilities 

    Eguia, Jon X.; Xefteris, Dimitrios (2019)
    We consider a society facing a binary choice, in an environment in which differences in utility are comparable across individuals. In such an environment, net utility is the difference between the utility that an individual ...
  • Article  

    Waking Up the Golden Dawn: Does Exposure to the Refugee Crisis Increase Support for Extreme-Right Parties? 

    Dinas, Elias; Matakos, Konstantinos; Xefteris, Dimitrios; Hangartner, Dominik (2019)
    Does exposure to the refugee crisis fuel support for extreme-right parties? Despite heated debates about the political repercussions of the refugee crisis in Europe, there exists very little—and sometimes conflicting—evidence ...
  • Article  

    Candidate valence in a spatial model with entry 

    Xefteris, Dimitrios (2018)
    This paper studies electoral competition between two purely office-motivated and heterogeneous (in terms of valence) established candidates when the entry of a lesser-valence third candidate is anticipated. In this model, ...
  • Article  

    Electoral Spillovers in an Intertwined World: Brexit Effects on the 2016 Spanish Vote 

    Delis, Agelos; Matakos, Konstantinos; Xefteris, Dimitrios (2020)
    he Brexit vote took place three days before the June 26, 2016, Spain’s parliamentary elections, in which anti-systemic parties performed worse compared to the previous elections (December 2015) despite the optimistic ...
  • Article  

    Electoral competition under costly policy implementation 

    Xefteris, Dimitrios; Zudenkova, Galina (2018)
    This paper analyzes a unidimensional electoral competition model between two policy-motivated candidates, assuming that the elected candidate has to incur an idiosyncratic policy implementation cost. Think of this as the ...
  • Article  

    Electoral competition with third party entry in the lab 

    Tsakas, Nikolas; Xefteris, Dimitrios (2018)
    Electoral competition between two vote-share maximizing candidates in the context of the unidimensional spatial model leads to platform convergence: both candidates end up proposing the ideal policy of the median voter ...
  • Article  

    The Labor Market Effects of U.S. Reemployment Policy: Lessons from an Analysis of Four Programs during the Great Recession 

    Michaelides, Marios; Mueser, Peter (2019)
    We present experimental evidence on four U.S. reemployment programs targeting Unemployment Insurance (UI) recipients during the Great Recession. All programs reduced UI spells, produced UI savings that exceeded program ...
  • Article  

    Intergenerational Earnings Mobility in Post-Soviet Russia 

    Borisov, Gleb V.; Pissarides, Christopher A. (2020)
    We make use of longitudinal data for the Russian economy over 1994–2016 to obtain earnings information about parents and children. We show that rank correlations give reliable estimates, and find intergenerational correlations ...

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