The main ingredient of this paper is the derivation of the generalized version of Hamilton's rule. This version is derived with the Generalized Price equation. The generalized version of Hamilton's rule generalizes the original rule, in the sense that it produces a set of rules; one rule for...

This paper proposes a new method to estimate quantile regressions with multiple fixed effects. The method, which expands on the strategy proposed by Machado and Santos Silva (2019), allows for the inclusion of multiple fixed effects and provides various alternatives for estimating standard...

This study estimates the firm-level employment effects of investment grants in Germany. In addition to the average treatment effect on the treated, we examine discrimination in the funding rules as potential source of effect heterogeneity. We combine a staggered difference-in-differences...