Search Results

Independence of the central bank : too much power in the hands of unelected technocrats?

Issing, Otmar - 2026

Under the overwhelming evidence of numerous empirical studies that found a negative correlation between the degree of independence and the level of inflation, many governments granted their national central banks independent status around 1990. With low inflation rates in the subsequent period -...

Persistent link: https://econbiz.de/10015625779

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Independence of the central bank: Too much power in the hands of unelected technocrats?

Issing, Otmar - 2026

Book / Working Paper

Earning while learning : how to run batched bandit experiments

Kemper, Jan; Rostam-Afschar, Davud - 2026

Researchers typically collect experimental data sequentially, allowing early outcome observations and adaptive treatment assignment to reduce exposure to inferior treatments. This article reviews multi-armed-bandit adaptive experimental designs that balance exploration and exploitation. Because...

Persistent link: https://econbiz.de/10015615820

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Earning while learning : how to run batched bandit experiments

Kemper, Jan; Rostam-Afschar, Davud - 2026

Book / Working Paper

The survey-based output gap and input gap

Kamada, Koichiro - 2026

Persistent link: https://econbiz.de/10015616966

The Industrial Revolution reconsidered : Hard Steps, the Great Filter, and Doomsday

Naudé, Wim - 2026

The Hard Steps model is applied to argue that the Industrial Revolution (IR) heralded a terminal phase of human existence. Assuming six hard steps, the Kolmogorov-Smirnov method is used to pinpoint the start of the IR to ≈ year 1700. Once these hard steps were cleared, the global economy...

Persistent link: https://econbiz.de/10015617036

Taxation, informality, and labor market responses : what do we really know?

Canavire-Bacarreza, Gustavo; Herrero Olarte, Susana; … - 2026

This paper critically reviews the empirical and structural literature on the effects of income taxation on informal economic activity. Although labor taxation has been widely studied in relation to labor market outcomes, evidence linking income taxes to informality remains fragmented and uneven...

Persistent link: https://econbiz.de/10015617041

On the (mis)use of composite indices : with applications in political economy

Millimet, Daniel L.; Paloyo, Alfredo R. - 2026

Empirical researchers often replace latent constructs with composite indices, treating this as a neutral data-processing step. We prove this is a consequential identification choice. Our (near) impossibility theorem demonstrates that no linear index can guarantee consistent estimates of all...

Persistent link: https://econbiz.de/10015617184

Measuring regional welfare through a spatial becker model : time allocation, location choice, and superlative index theory

Shimizu, Chihiro - 2026

Persistent link: https://econbiz.de/10015617254

Labor informality and macroeconomic volatility

Ávila-Montealegre, Oscar Iván; Grajales-Olarte, Anderson - 2026

Persistent link: https://econbiz.de/10015617558

Optimal education policy, R&D productivity, and endogenous growth with heterogeneous individuals

Palokangas, Tapio K. - 2026

This study characterizes optimal policy in an endogenous growth model where heterogeneous individuals choose between entering the workforce as unskilled labor or pursuing education to become skilled. In the decentralized economy, monopolists produce goods using both labor types. They purchase...

Persistent link: https://econbiz.de/10015617652

Licensing resource exploitation with endogenous and privately known reserves

Jääskeläinen, Jarmo; Lappi, Pauli - 2026

We design optimal mechanism to collect revenues from nonrenewable resource exploitation, when the resource must be explored and discovered and when there is asymmetric information. The exploration effort may result in a discovery that is revealed only to the firm, and the effort is not observed...

Persistent link: https://econbiz.de/10015617653