Showing 1 - 10 of 112
Persistent link: https://www.econbiz.de/10002128045
Persistent link: https://www.econbiz.de/10003729079
Many commonly used treatment effects estimators rely on the unconfoundedness assumption ("selection on observables") which is fundamentally non-testable. When evaluating the effects of labor market policies, researchers need to observe variables that affect both treatment participation and labor...
Persistent link: https://www.econbiz.de/10010400598
We develop a nonparametric instrumental variable approach for the estimation of average treatment effects on hazard rates and conditional survival probabilities, without model structure.We derive constructive identification proofs for average treatment effects under noncompliance and dynamic...
Persistent link: https://www.econbiz.de/10011492188
We estimate the effect of government spending shocks on the US economy with a time-varying parameter vector … pattern of fiscal shock responses neither completely fits the predictions of the New Keynesian model of an economy subject to …
Persistent link: https://www.econbiz.de/10011890166
Persistent link: https://www.econbiz.de/10014281684
Structural VAR models require two ingredients: (i) Informational sufficiency, and (ii) a valid identification strategy. These conditions are unlikely to be met by small-scale recursively identified VAR models. I propose a Bayesian Proxy Factor-Augmented VAR (BP-FAVAR) to combine a large...
Persistent link: https://www.econbiz.de/10012125244
We investigate the heterogeneity in the effects of monetary policy shocks on the distribution of wages and hours worked, using unique contract-level data from the Czech labor market and identifying monetary policy shocks using a narrative approach based on market suprises in interest rate...
Persistent link: https://www.econbiz.de/10014533582
The long-run impact of economic growth on total fertility trends is ambiguous and sensitive for in-time variations. Over last decades, economic growth has led in many countries to significant falls in total fertility rates. However, in recent years, in high-income economies a kind of...
Persistent link: https://www.econbiz.de/10011802142
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we … area. According to our results, global liquidity shocks are a driving force of the global economy and various national …
Persistent link: https://www.econbiz.de/10003879570