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Figure 2

July 24, 2026 No Comments

Receiver Operating Characteristic (ROC) curves

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Figure 2
Alexandra Fedorets
DIW Berlin
author Puriya Abbassi
Deutsche Bundesbank
author Klaus Adam
University of Mannheim
Toke Aidt
University of Cambridge
author Özlem Akin
Ozyegin University
portrait of Christoph Albert Christoph Albert
Collegio Carlo Alberto
author Facundo Albornoz
Universidad de San Andrés
portrait Christian Aleman-Pericon
NYU Abu Dhabi
author portrait Claudia Allende
Stanford University
portrait of Jaime Alonso-Carrera Jaime Alonso-Carrera
Universidade de Vigo
author Carlo Altavilla
European Central Bank
portrait of Lukas Althoff Lukas Althoff
Stanford University
portrait of Mario Daniele Amore Mario Daniele Amore
HEC Paris
Andrés Blanco
University of Michigan
author Andrej Angelovski
Middlesex University
Anna Gibert
UAB (MOVE), BSE and Bocconi
author Jose Apesteguia
ICREA-UPF and BSE
portrait of Enriqueta Aragonès Enriqueta Aragonès
IDEA (UAB and BSE)
portrait of Leandro Arozamena Leandro Arozamena
Universidad Torcuato Di Tella and CONICET
Árpád Ábrahám
EUI
author Benito Arruñada
UPF and BSE
portrait of Vladimir Asriyan Vladimir Asriyan
CREI, UPF and BSE
author portrait Juan Pablo Atal
University of Pennsylvania
author Jean-Marc Bédhat Atsebi
CERDI
author Pierre Azoulay
MIT Sloan
portrait of Mirjam Bächli Mirjam Bächli
HEC University of Lausanne
portrait of Isaac Baley Isaac Baley
UPF and BSE
author Miguel A. Ballester
UAB and BSE
faculty Albert Banal-Estañol
UPF and BSE
portrait Renjie Bao
PhD Student, Princeton University
Salvador Barberà Salvador Barberà
UAB and BSE
portrait of Regis Barnichon Regis Barnichon
Federal Reserve Bank of San Francisco
author Yusuf Soner Baskaya
Central Bank of Turkey
author Sascha O. Becker
University of Warwick
portrait of Jere Behrman Jere R. Behrman
University of Pennsylvania
author Cristina Bellés-Obrero
IAE-CSIC and BSE
author Gianluca Benigno
LSE and New York Fed
author Tim Besley
London School of Economics
author Johannes Beutel
PhD Student, University of Mannheim
Carmen Beviá Carmen Beviá
UAB and BSE
portrait of Daniel Bird Daniel Bird
Tel Aviv University
author Sotiris Blanas
National Bank of Belgium
portrait of Corina Boar Corina Boar
NYU
portrait Matteo Bobba
Toulouse School of Economics
portrait Federico Boffa
Free University of Bozen/Bolzano and Collegio Carlo Alberto
portrait Frédéric Boissay
Bank for International Settlements
author Alessandra Bonfiglioli
Queen Mary University of London
author Miguel Boucinha
European Central Bank
author Jordi Brandts
IAE-CSIC and BSE
faculty Fernando Broner
CREI, UPF and BSE
portrait of Harriet Brookes-Gray Harriet Brookes-Gray
PhD Student, Yale University
Portrait of Martin Brun Martín Brun
UAB
logo BSE Research
authors Santi Budria
University of Madeira and CEEAplA
portrait Paolo Buonanno
University of Bergamo
author Roberto Burguet
IAE-CSIC and BSE
portrait Christopher Busch
UAB, MOVE and BSE
author Isabel Busom
Universitat Autònoma de Barcelona
author Paula Bustos
ICREA-UPF and BSE
portrait of Jordi Caballé Jordi Caballé
UAB and BSE
author Antonio Cabrales
University College London
author Andrea Caggese
UPF and BSE
author Santiago Caicedo
Clemson University
portrait Tomaz Cajner
United States Federal Reserve Board
authors Gabriela Calderón
Bank of Mexico
author Caterina Calsamiglia
ICREA-IPEG
author Ramon Caminal
IAE-CSIC and BSE
author Enriqueta Camps
UPF and BSE
author Lorenzo Cappellari
Catholic University of Milan
author Bruno Caprettini
PhD Student, UPF and BSE
author David Card
University of California, Berkeley
author Ana Rute Cardoso
IAE-CSIC and BSE
author Rodrigo Carril
UPF and BSE
author Marco Casari
University of Bologna
portrait Elisabeth M. Caucutt
University of Western Ontario
portrait Francisco Cavalcanti
Pontifıcia Universidade Catolica do Rio de Janeiro
author Antonio Ciccone
ICREA-UPF and BSE
author Daragh Clancy
European Stability Mechanism
portrait of Marc Claveria-Mayol Marc Claveria-Mayol
Stony Brook University
author Nicholas S. Coleman
Federal Research Board of Governors
portrait Fabrice Collard
Toulouse School of Economics
portrait J. Ignacio Conde-Ruiz
Fedea and UCM
photo Juan Carlos Conesa
Stony Brook University
portrait of Bruno Conte Bruno Conte
UPF and BSE
author Kerem Cosar
University of Chicago Booth School of Business
author Joan Costa Font
London School of Economics
author Rosario Crinò
Università Cattolica del Sacro Cuore
Xavier Cuadras Xavier Cuadras Morató
UPF and BSE
author portrait José Ignacio Cuesta
Stanford University
author Vicente Cuñat
London School of Economics
authors Jesse M. Cunha
Naval Postgraduate School
Portrait of Conchita D'ambrosio Conchita D’Ambrosio
Université du Luxembourg
portrait of Leonardo D'Amico Leonardo D’Amico
PhD Candidate, Harvard University
portrait Jan De Loecker
KU Leuven
portrait of Davide Debortoli Davide Debortoli
ICREA-UPF, CREI and BSE
faculty Giacomo De Giorgi
GSEM-University of Geneva
author Elena del Rey
Universitat de Girona
author Victor DeMiguel
LBS
Jaikishan Desai
School of Government, Victoria University of Wellington
portrait Erika Deserranno
Northwestern University
portrait of Klaus Desmet Klaus Desmet
SMU
author Julian di Giovanni
ICREA-UPF and BSE
portrait Miguel Díaz Salazar
Fedea
author Antonio Di Paolo
Universitat de Barcelona
author Milena Djourelova
PhD Candidate, GPEFM (UPF and BSE)
author Ariadna Dumitrescu
ESADE Business School
author Ruben Durante
ICREA-UPF and BSE
portrait Tim Ederer
PhD Student, TSE
portrait Jan Eeckhout
ICREA-UPF and BSE
author Matthew Ellman
IAE-CSIC and BSE
portrait of Mircea Epure Mircea Epure
UPF and BSE
author Aitor Erce
European Stability Mechanism
author Miguel Espinosa
UPF and BSE
portrait Elena Esposito
HEC, University of Lausanne
researcher Joan-Maria Esteban
IAE-CSIC and BSE
portrait Marco Fabbri
Aarhus University
portrait of michele fabi Michele Fabi
CREST
portrait Stefano Falcone
IAE-CSIC and BSE
portrait of Lídia Farré Lídia Farré
IAE-CSIC and BSE
author Francesco Fasani
Queen Mary University London
portrait Michael Faure
Erasmus University Rotterdam and Maastricht University
portrait of Francesco Ferlanga Francesco Ferlenga
UAB and BSE
portrait Javier Fernández-Blanco
UAB and BSE
author Raquel Fernández
New York University
faculty Ada Ferrer-i-Carbonell
IAE-CSIC and BSE
author Rosa Ferrer
UPF and BSE
author Thiemo Fetzer
University of Warwick
author Sabine Flamand
Universitat Rovira i Virgili
portrait Matthias Flueckiger
University of York
author Christian Fons-Rosen
University of California Merced
author Luca Fornaro
CREI, UPF and BSE
portrait of Mario Forni Mario Forni
Università di Modena e Reggio Emilia
faculty Xavier Freixas
UPF and BSE
portrait of Alexander Frug Alexander Frug
UPF and BSE
author Chiara Fumagalli
Bocconi University
portrait Jordi Galí
CREI, UPF and BSE
author Aina Gallego
IBEI and IPEG
portrait of Luca Gambetti Luca Gambetti
UAB and BSE
faculty Gino Gancia
CREI, UPF and BSE
portrait Juan-José Ganuza
UPF and BSE
author José Ramón García
University of Valencia
author Teresa Garcia-Milà
UPF and BSE
faculty Jose G. Montalvo
UPF and BSE
author Manuel García-Santana
UPF, Barcelona GSE and CEPR
author Sandra García-Uribe
Banco de España
author Jaume Garcia-Villar
UPF and BSE
portrait of Orsola Garofalo Orsola Garofalo
Copenhagen Business School
author Leonie Gerhards
Universität Hamburg
author Klarita Gerxhani
European University Institute
portrait of Mishel Ghassibe Mishel Ghassibe
CREI, UPF and BSE
author Marcus Giamattei
University of Passau
portrait of Elisa Giannone Elisa Giannone
CREI, UPF and BSE
author Javier Gil-Bazo
UPF and BSE
author Giovanni Giusti
UPF Technocampus
portrait of Edward Glaeser Edward Glaeser
Harvard University
faculty Albrecht Glitz
UPF and BSE
author Ayelet Gneezy
Rady School, UC San Diego
author Uri Gneezy
Rady School, UC San Diego
author Mariella Gonzales
Harris School of Public Policy, University of Chicago
Beatriz Gonzalez portrait Beatriz González
Banco de España
Libertad Gonzalez
UPF and BSE
Andrés González-Lira
Pontificia Universidad Católica de Chile
author Joshua Graff Zivin
UC San Diego
author Michael Greenacre
UPF and BSE
Andre Groeger
UAB and BSE
portrait of Christoph Grosse-Steffen Christoph Grosse-Steffen
Banque de France
author Martí Guasch
PhD Candidate, UPF
author Maia Güell
University of Edinburgh
author Werner Güth
Max Planck Institute for Research on Collective Goods
portrait of Luis Guirola Luis Guirola
Bank of Spain
portrait Giorgio Gulino
Post-doc, UPF and BSE
faculty Nezih Guner
ICREA-MOVE, UAB and BSE
author Bing Guo
Universidad Carlos III de Madrid
portrait of Joseph Gyourko Joseph Gyourko
The Wharton School, University of Pennsylvania
author Christopher Hansman
Imperial College London
portrait Esther Hauk
IAE-CSIC and BSE
author Jörg Heining
Institute for Employment Research (IAB)
author Jonas Hjort
Columbia University
author Yael Hochberg
Rice University and MIT
portrait of Laura Hospido Laura Hospido
Banco de España, CEMFI and IZA
John D. Huber
Columbia University
faculty Sjaak Hurkens
IAE-CSIC and BSE
portrait Dennis C. Hutschenreiter
IWH-Halle
author portrait Juan F. Imbet
Université Paris Dauphine
portrait Daniela Iorio
University of Bologna
author Nagore Iriberri
University of the Basque Country
author Rajkamal Iyer
MIT Sloan School of Management
author Matthew O. Jackson
Stanford University
Portrait of Gabriel Jimenez Gabriel Jiménez
Banco de España
author Sergi Jiménez-Martín
UPF and BSE
João Brogueira de Sousa
Nova School of Business and Economics
Kristin Johnson
Harvard Business School
author Joachim Jungherr
IAE-CSIC and BSE
author Sebnem Kalemli-Ozcan
University of Maryland
portrait of William Kerr William Kerr
Harvard Business School
author Jinill Kim
Korea University
portrait Flip Klijn
IAE-CSIC and BSE
author Patrick Kline
University of California, Berkeley
author Dongya Koh
University of Arkansas - Walton College of Business
portrait of Alexandre Kohlhas Alexandre Kohlhas
University of Oxford
author Robert E. Kopp
Rutgers University
author Tor Korneliussen
University of Nordland
author Yuliya Kulikova
PhD Student, UAB and BSE
author Scott A. Kulp
Climate Central
author Thomas Kurer
University of Zurich
portrait of Dmitry Kushinov Dmitry Kuvshinov
UPF and BSE
portrait Mario Larch
University of Bayreuth
author Sang Yoon (Tim) Lee
Queen Mary University of London
author Gaël Le Mens
UPF and BSE
author Gianmarco León-Ciliotta
UPF and BSE
author Gilat Levy
London School of Economics
portrait Louise Lindbjerg
Copenhaguen Business School
author Jesper Lindé
Sveriges Riksbank
author Stephan Litschig
GRIPS
author Humberto Llavador
UPF and BSE
author Gerard Llobet
CEMFI
author Joan Llull
MOVE, UAB and BSE
author Angel Luis López
UAB
author Cristina Lopez-Mayan
Euncet Business School
portrait Alexander Ludwig
Goethe University Frankfurt
portrait Markus Ludwig
TU Braunschweig
Luis E. Rojas Luis E. Rojas
MOVE, UAB and BSE
Lukas Mayr
University of Essex
Kebin Ma Kebin Ma
Warwick Business School
author Inés Macho-Stadler
UAB and BSE
portrait Parijat Maitra
PhD Student, Stockholm University
portrait of Farhan Majid Farhan Majid
University of Pennsylvania
portrait Cristina Manea
Deutsche Bundesbank
faculty Albert Marcet
ICREA-IAE and BSE
portrait of Joan Margalef Joan Margalef
PhD Student, UAB and BSE
faculty Alberto Martín
CREI, UPF and BSE
author Luis R. Martinez
Harris School of Public Policy, University of Chicago
author Tomás R. Martínez
Post-doc, UPF and BSE
author Laura Mayoral
IAE-CSIC and BSE
portrait Sergio Mayordomo
Bank of Spain
author Joram Mayshar
The Hebrew University of Jerusalem
author Therese J. Mcguire
Northwestern University
portrait Mehdi Mdaghri Alaoui
UPF
author Lydia Mechtenberg
Universität Hamburg
author Ursula Mello
IAE-CSIC and BSE
portrait Geert Mesters
UPF and BSE
author Daniel Metzger
Stockholm School of Economics
Josefin Meyer
DIW Berlin
author Erik Meyersson
SITE and SSE
Michael S. Walker
UC Berkeley
author Pau Milán
UAB and BSE
faculty Antonio Miralles
UAB and BSE
author Omer Moav
University of Warwick
author Joan Monràs
UPF and BSE
portrait Giulia Montresor
University of Verona
author Enrique Moral-Benito
Bank of Spain
author Massimo Morelli
Bocconi University
author Massimo Motta
ICREA-UPF and BSE
Mridula Duggal Mridula Duggal
UAB, BSE and University of Glasgow
author Hannes Mueller
IAE-CSIC and BSE
portrait Juan Carlos Muñoz-Mora
EAFIT
author Carles Murillo
UPF Sports Lab and BSM
author Dávid Krisztián Nagy
CREI, UPF and BSE
portrait of Anton Nakov Anton Nakov
European Central Bank
author Zvika Neeman
Tel Aviv University
portrait Christopher A. Neilson
Princeton University
author Melissa Newham
KU Leuven and DIW Berlin
portrait Catia Nicodemo
Brunel University of London and University of Oxford
portrait Marco Nieddu
University of Cagliari
author Jonás Nieto-Postigo
UAB
author Francisco J. Nogales
UC3M
author Charles N. Noussair
University of Arizona
author Ricardo Nunes
US Federal Reserve Bank of Boston
author Wallace E. Oates
University of Maryland
author Francesc Obiols-Homs
UAB and BSE
author Jörg Oechssler
University of Heidelberg
Pau Olivella Pau Olivella
UAB and BSE
author Ola Olsson
University of Gothenburg
author Michael Oppenheimer
Princeton University
portrait Javier Ortega
Kingston University
author Marcelo Ortiz
UPF and BSE
portrait of Nicolás Oviedo Dávila Nicolás Oviedo Dávila
IDEA (UAB and BSE)
author Mónica Oviedo
Universitat Autònoma de Barcelona
author Judith Panadés
UAB and BSE
author Lorenzo Pandolfi
University of Naples Federico II and CSEF
faculty Evi Pappa
UC3M
Luigi Pascali
UPF and BSE
portrait of Pau Roldan-Blanco Pau Roldan-Blanco
UAB and BSE
author Michele Pellizzari
University of Geneva
author Antonio Penta
UPF and BSE
author David Pérez-Castrillo
UAB and BSE
author Maria Petrova
ICREA-UPF and BSE
José-Luis Peydró
ICREA-UPF and BSE
portrait Margherita Philipp
FEA (IAE-CSIC)
portrait of Josep Pijoan-Mas Josep Pijoan-Mas
CEMFI and CEPR
author Amedeo Piolatto
UAB and BSE
Clara Ponsatí Clara Ponsatí
IAE-CSIC and BSE
portrait of Jacopo Ponticelli Jacopo Ponticelli
Northwestern University
author Giacomo A.M. Ponzetto
CREI, UPF and BSE
Priit Jeenas
UPF and BSE
Ramon Marimon
UPF and BSE
author Roberto Ramos
Bank of Spain
author Xavier Ramos
Universitat Autònoma de Barcelona
author Christopher Rauh
IAE-CSIC and BSE
portrait of Xavier Raurich Xavier Raurich
Universitat de Barcelona
author Josep Raya
UPF and ESCSE
portrait Mar Reguant
Northwestern and BSE
portrait of Hugo Reichardt Hugo A. Reichardt
CREI, UPF and BSE
author Diego Restuccia
University of Toronto
author Pedro Rey-Biel
UAB and BSE
author Marta Reynal-Querol
ICREA-UPF and BSE
portrait of Björn Richter Björn Richter
UPF and BSE
portrait Cesare Righi
UPF and BSE
Toni Rodon Toni Rodon
London School of Economics
author Hugo Rodríguez Mendizábal
IAE-CSIC and BSE
author John Roemer
Yale University
author Dominic Rohner
University of Lausanne
portrait Michele Rosenberg
University of Essex
portrait of Esteban Rossi-Hansberg Esteban Rossi-Hansberg
University of Chicago
Alessandro Ruggieri Alessandro Ruggieri
CUNEF Universidad
author József Sákovics
University of Edinburgh
portrait of Luca Sala Luca Sala
Bocconi University
author Virginia Sánchez-Marcos
Universidad de Cantabria
Victor Sanchez portrait Victor Martin-Sanchez
University of South Denmark
portrait Raül Santaeulàlia-Llopis
UAB and BSE
author Marta Santamaría
University of Warwick
author André A.P. Santos
UC3M and UFSC
author Carlos Sanz
Banco de España
author Edouard Schaal
CREI, UPF and BSE
author Nikolas Schöll
PhD Student, GPEFM (UPF and BGSE)
author Arthur Schram
University of Amsterdam and European University Institute
author Arthur Seibold
University of Mannheim
portrait of Ben Seimon Ben Seimon
Fundació d’Economia Analítica
author Jo Seldeslachts
KU Leuven and DIW Berlin
author Carlos Serrano
UPF and BSE
author Sandro Shelegia
UPF and BSE
author Joshua Sherman
Northwestern University
portrait Timothy Simcoe
Boston University Questrom School of Business and NBER
author Valeri Sorolla
UAB and BSE
Steven Stillman portrait Steven Stillman
Free University of Bozen-Bolzano
author Benjamin Strauss
Climate Central
author Augustin Tapsoba
IDEA-UAB and BGSE
author Emanuele Tarantino
LUISS University
Alessandro Tarozzi
UPF and BSE
author Matthieu Teachout
Columbia University
author Anna Toldrà-Simats
Universidad Carlos III de Madrid
author Francesc R. Tous
Bank of England
portrait of Christoph Trebesch Christoph Trebesch
Kiel Institute and Kiel University
portrait Sofia Trommlerová
Postdoc Researcher, UPF and BSE
author Ana Tur-Prats
Post-doc Researcher, UPF and BSE
portrait of Javier Turén Javier Turén
Pontificia Universidad Católica de Chile
author James R. Tybout
Pennsylvania State University
author Mehmet Fatih Ulu
Central Bank of Turkey
portrait of Judit Vall Judit Vall Castelló
Universitat de Barcelona and BSE Research Fellow
portrait Victoria Vanasco
CREI, UPF and BSE
portrait Renato Vassallo
IDEA (UAB and BSE)
portrait Jaume Ventura
CREI, UPF and BSE
Marcos Vera-Hernández Marcos Vera-Hernández
University College London
author Cristina Vilaplana-Prieto
Universidad de Murcia
portrait Xavier Vives
IESE Business School
portrait Theodor Vladasel
UPF and BSE
portrait Marc Vorsatz
UNED
faculty Joachim Voth
University of Zurich
portrait of Hanna Wang Hanna Wang
UAB and BSE
author Simon Weidenholzer
University of Essex
portrait of Federico Weinschelbaum Federico Weinschelbaum
Universidad Torcuato Di Tella and CONICET
author Tomas Williams
George Washington University
author Firman Witoelar
Australian National University
author Martin Wolf
University of St. Gallen
Portrait of Dimitrios Xefteris Dimitrios Xefteris
University of Cyprus
author Uğur Yeşilbayraktar
PhD Candidate, UPF and BSE
author Yves Zamboni
CEPESP-FGV
portrait Blanca Zapater
Bocconi University
author Yu Zheng
City University of Hong Kong and European University Institute
author Rosemarie Ziedonis
University of Oregon
author Yimei Zou
GPEFM (UPF and BSE)

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