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The success of currency reforms to end great inflations : an empirical analysis of 34 high inflations

Bernholz, Peter (contributor); Kugler, Peter (contributor) - 2007

The estimation of an ordered probit model for currency reforms trying to end 31 hyperinflations and three big inflations of the 20th century shows that the introduction of an independent central bank and the adoption of a credibly fixed exchange rate are crucial for the success of a currency...

Persistent link: https://www.econbiz.de/10003666987

The price revolution in the 16th century : empirical results from a structural vectorautoregression model

Bernholz, Peter (contributor); Kugler, Peter (contributor) - 2007

This paper provides empirical evidence in favor of the hypothesis that the secular price increase in the 16th century is mainly caused by money supply developments as the discovery of new mines in Latin America. First we review price developments for several European countries over the 16th...

Persistent link: https://www.econbiz.de/10003666993

Knowledge and networks

Glückler, Johannes (ed.); Lazega, Emmanuel (ed.); … - Klaus Tschira Stiftung - 2017

for a long time: social network theory and the geography of knowledge. This book considers that relational thinking has … Li -- Studying Networks Geographically: World Political Regionalization in the United Nations General Assembly (1985 … Among Swedish Municipalities: Is Sweden a Small World?: Christopher Ansell, Martin Lundin, and Per Ola Öberg -- The …

Persistent link: https://www.econbiz.de/10011607723

Dynamic policy analysis

Abbring, Jaap H. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003637508

Evaluating marginal policy changes and the average effect of treatment for individuals at the margin

Carneiro, Pedro; Heckman, James J.; Vytlacil, Edward - 2009

This paper develops methods for evaluating marginal policy changes. We characterize how the effects of marginal policy changes depend on the direction of the policy change, and show that marginal policy effects are fundamentally easier to identify and to estimate than conventional treatment...

Persistent link: https://www.econbiz.de/10003879358

Evaluating marginal policy changes and the average effect of treatment for individuals at the margin

Carneiro, Pedro; Heckman, James J.; Vytlacil, Edward - 2009

Persistent link: https://www.econbiz.de/10003869219

Evaluating marginal policy changes and the average effect of treatment for individuals at the margin

Carneiro, Pedro; Heckman, James J.; Vytlacil, Edward - 2009

Persistent link: https://www.econbiz.de/10003869267

Testing the correlated random coefficient model

Heckman, James J.; Schmierer, Daniel; Urzua, Sergio - 2009

The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...

Persistent link: https://www.econbiz.de/10003907131

Understanding instrumental variables in models with essential heterogeneity

Heckman, James J. (contributor); Urzua, Sergio (contributor) - 2006

"This paper examines the properties of instrumental variables (IV) applied to models with essential heterogeneity, that is, models where responses to interventions are heterogeneous and agents adopt treatments (participate in programs) with at least partial knowledge of their idiosyncratic...

Persistent link: https://www.econbiz.de/10003375232

Estimating the technology of cognitive and noncognitive skill formation

Cunha, Flávio; Heckman, James J.; Schennach, Susanne M. - 2010

This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...

Persistent link: https://www.econbiz.de/10003934523