212 Discussion Papers

• 13-073/III - Forecasting Value-at-Risk using Block Structure Multivariate Stochastic Volatility Models

  Authors: Manabu Asai, Soka University, Japan; Massimiliano Caporin, University of Padova, Italy; Michael McAleer, Erasmus University Rotterdam, The Netherlands, Complutense University of Madrid, Spain, and Kyoto University, Japan

  Date: May 27, 2013

• 13-072/III - Nonparametric Multiple Change Point Analysis of the Global Financial Crisis

  Authors: David E. Allen, Edith Cowan University, Australia; Michael McAleer, Erasmus University Rotterdam; Robert J. Powell, Edith Cowan University, Australia; Abhay K. Singh, Edith Cowan University, Australia

  Date: May 27, 2013

• 13-071/I - Taking Punishment into Your Own Hands: An Experiment

  Authors: Peter Duersch, University of Heidelberg; Julia Müller, Erasmus University Rotterdam

  Date: May 27, 2013

• 13-070/III - GFC-Robust Risk Management under the Basel Accord using Extreme Value Methodologies

  Authors: Juan-Angel Jimenez-Martin, Complutense University of Madrid, Spain; Michael McAleer, Complutense University of Madrid, Spain, Erasmus School of Economics, Erasmus University Rotterdam, The Netherlands, and Kyoto University, Japan; Teodosio Perez Amaral, Complutense University of Madrid, Spain; Paulo Araujo Santos, University of Lisbon, Portugal

  Date: May 21, 2013

• 13-069/III - Modelling and Simulation: An Overview

  Authors: Michael McAleer, Erasmus University Rotterdam, The Netherlands, Complutense University of Madrid, Spain, and Kyoto University, Japan; Felix Chan, Curtin University, Australia; Les Oxley, University of Waikato, New Zealand

  Date: May 21, 2013

• 13-068/III - Forecasting Day-Ahead Electricity Prices: Utilizing Hourly Prices

  Authors: Eran Raviv, Erasmus University Rotterdam; Kees E. Bouwman, Erasmus University Rotterdam; Dick van Dijk, Erasmus University Rotterdam

  Date: May 17, 2013

• 13-067/V - Universal Coverage on a Budget: Impacts on Health Care Utilization and Out-Of-Pocket Expenditures in Thailand

  Authors: Supon Limwattananon, International Health Policy Program, Ministry of Public Health, Thailand; Sven Neelsen, Institute of Health Policy and Management, Erasmus University Rotterdam; Owen O'Donnell, Erasmus University Rotterdam; Phusit Prakongsai, International Health Policy Program, Ministry of Public Health, Thailand; Viroj Tangcharoensathien, International Health Policy Program, Ministry of Public Health, Thailand; Eddy van Doorslaer, Erasmus University Rotterdam

  Date: May 16, 2013

• 13-066/V - The Impact of Scoring Weights on Price and Quality Outcomes: An Application to the Procurement of Welfare-to-Work Contracts

  Authors: Pierre Koning, VU University Amsterdam, and IZA; Arthur van de Meerendonk, Graduate School of Governance, Maastricht University

  Date: May 14, 2013

• 13-065/VII - Using Preferred Outcome Distributions to estimate Value and Probability Weighting Functions in Decisions under Risk

  Authors: Bas Donkers, Erasmus University Rotterdam; Carlos J.S. Lourenco, Erasmus University Rotterdam; Benedict G.C. Dellaert, Erasmus University Rotterdam; Daniel G. Goldstein, Microsoft Research

  Date: May 08, 2013

• 13-064/VI - Optimal Fiscal Policy

  Authors: Jasper Lukkezen, Utrecht University, and CPB; Coen Teulings, University of Amsterdam, and CPB

  Date: May 06, 2013

• 13-063/IV - Measuring Credit Risk in a Large Banking System: Econometric Modeling and Empirics

  Authors: Andre Lucas, VU University Amsterdam; Bernd Schwaab, European Central Bank, Financial Markets Research; Xin Zhang, VU University Amsterdam, and Sveriges Riksbank, Research Division

  Date: May 13, 2013

• 13-062/III - Solution-Driven Specification of DSGE Models

  Author: Francisco Blasques, VU University Amsterdam

  Date: April 19, 2013

• 13-061/III - Comparing the Accuracy of Copula-Based Multivariate Density Forecasts in Selected Regions of Support

  Authors: Cees Diks, University of Amsterdam, the Netherlands; Valentyn Panchenko, University of New South Wales, Australia; Oleg Sokolinskiy,, Rutgers Business School, United States; Dick van Dijk, Erasmus University Rotterdam, the Netherlands

  Date: April 19, 2013

• 13-060/III - Censored Posterior and Predictive Likelihood in Left-Tail Prediction for Accurate Value at Risk Estimation

  Authors: Lukasz Gatarek, Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam; Lennart Hoogerheide, VU University Amsterdam; Koen Hooning, Delft University of Technology; Herman K. van Dijk, Econometric Institute, Erasmus University Rotterdam, and VU University Amsterdam

  Date: April 15, 2013

• 13-059/VIII - Residential Parking Permits and Parking Supply

  Authors: Jos van Ommeren, VU University Amsterdam; Jesper de Groote, VU University Amsterdam; Giuliano Mingardo, Erasmus University Rotterdam

  Date: April 12, 2013

• 13-058/IV - Quantifying Productivity Gains from Foreign Investment

  Authors: Christian Fons-Rosen, Universitat Pompeu Fabra; Sebnem Kalemli-Ozcan, University of Maryland; Bent E. Sorensen, University of Houston; Carolina Villegas-Sanchez, Universitat Ramon Llull; Vadym Volosovych, Erasmus University Rotterdam

  Date: April 11, 2013

• 13-057/III - Analyzing Fixed-Event Forecast Revisions

  Authors: Chia-Lin Chang, National Chung Hsing University, Taichung, Taiwan; Bert de Bruijn, Erasmus University Rotterdam; Philip Hans Franses, Erasmus University Rotterdam; Michael McAleer, Erasmus University Rotterdam

  Date: April 11, 2013

• 13-056/VIII - The User Costs of Air Travel Delay Variability

  Authors: Paul Koster, VU University Amsterdam; Eric Pels, VU University Amsterdam; Erik Verhoef, VU University Amsterdam, the Netherlands

  Date: April 09, 2013

• 13-055/III - Parallel Sequential Monte Carlo for Efficient Density Combination: The Deco Matlab Toolbox

  Authors: Roberto Casarin, University Ca' Foscari of Venice and GRETA; Stefano Grassi, CREATES, Aarhus University; Francesco Ravazzolo, Norges Bank, and BI Norwegian Business School; Herman K. van Dijk, Erasmus University Rotterdam, and VU University Amsterdam

  Date: April 09, 2013

• 13-054/III - On the Phase Dependence in Time-Varying Correlations Between Time-Series

  Author: Francisco Blasques, VU University Amsterdam

  Date: April 04, 2013