Recent years have seen a surge of applied work using bunching approaches, a
development that is closely linked to the increased availability of administrative data. These …

We study a Chinese policy that awards substantial tax cuts to firms with R&D investment
over a threshold or “notch.” Quasi-experimental variation and administrative tax data show a …

Secure housing is core to the Sustainable Development Goals and a fundamental human
right. However, potential conflicts between housing and sustainability objectives remain …

We provide evidence that banks distort the composition of credit supply in order to comply
with ratio-based capital requirements in times of economic distress. An unexpected …

This paper analyzes the effects of size-dependent tax enforcement on firms' tax compliance.
We exploit quasi-experimental variation generated by a Large Taxpayers Unit (LTU) in …

The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …

We provide evidence that a weak banking sector has contributed to low productivity growth
following the European sovereign debt crisis. An unexpected increase in capital …

In this paper, we review the existing empirical evidence on how individuals respond to the
incentives created by a net wealth tax. Variation in the overall magnitude of behavioural …

The efficiency of federal lending guarantees depends on whether guarantees increase
lending supply or simply act as a subsidy to lenders. We use notches in the guarantee rate …

This paper provides novel estimates of the interest rate elasticity of mortgage demand by
measuring the degree of bunching in response to a discrete jump in interest rates at the …