the question whether the omission of important control variables in matching estimation leads to biased impact estimates …

This paper considers forecast averaging when the same model is used but estimation is carried out over different … estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or … more structural breaks. It is shown that compared to using forecasts based on a single estimation window, averaging over …

Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper … concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …

effects on wage inequality in Germany using a dynamic computable general equilibrium (CGE) model of the Auerbach …

immigrants in Germany. Applying panel analysis with a large set of fixed effects and controls, we isolate the association between …

question, we use the reunification of Germany as a natural experiment and study the post-reunification trajectory of …