Showing 1 - 10 of 79
We study 30 vintages of FRB/US, the principal macro model used by the Federal Reserve Board staff for forecasting and policy analysis. To do this, we exploit archives of the model code, coefficients, baseline databases and stochastic shock sets stored after each FOMC meeting from the model’s...
Persistent link: https://www.econbiz.de/10005662266
In this paper we address the following question: To what extent is the hypothesis that voters vote sincerely testable or falsifiable? We show that using data only on how individuals vote in a single election, the hypothesis that voters vote sincerely is irrefutable, regardless of the number of...
Persistent link: https://www.econbiz.de/10005662163
We introduce product differentiation into the analysis of price competition in markets where suppliers test customers in order to assess whether they will pay for received goods or services. We find that, if the degree of differentiation is sufficiently high, suppliers may improve the average...
Persistent link: https://www.econbiz.de/10005067671
We investigate whether the Fiscal Theory of the Price Level (FTPL) can explain UK inflation in the 1970s. We confront the identification problem involved by setting up the FTPL as a structural model for the episode and pitting it against an alternative Orthodox model; the models have a reduced...
Persistent link: https://www.econbiz.de/10011083765
We investigate whether the Fiscal Theory of the Price Level (FTPL) can explain UK inflation in the 1970s. We confront the identification problem involved by setting up the FTPL as a structural model for the episode and pitting it against an alternative Orthodox model; the models have a reduced...
Persistent link: https://www.econbiz.de/10011083838
Medical research indicates that breastfeeding suppresses post-natal fertility. We model the implications for … with birth order, since mothers near or beyond their desired total fertility are more likely to make use of the …
Persistent link: https://www.econbiz.de/10005016242
Conventional wisdom suggests that in developed countries income and fertility are negatively correlated. We present new … evidence that between 2001 and 2009 the cross-sectional relationship between fertility and women's education in the U.S. is U … explaining the positive correlation between fertility and female labor supply along the educational gradient. In our model …
Persistent link: https://www.econbiz.de/10009321836
We study the relationship between education and fertility, exploiting compulsory schooling reforms in Europe as source …
Persistent link: https://www.econbiz.de/10009324255
-friendly occupations. We estimate a dynamic life-cycle model of fertility, occupational choice, and labor supply using detailed survey and …-female wage gap as it evolves from labor market entry onward and the effect of pro-fertility policies. We show that a substantial … portion of the gender wage gap is explainable by realized and expected fertility and that the long-run effect of policies …
Persistent link: https://www.econbiz.de/10009385756
examines the impact of the privatization of kibbutzim on fertility behavior among members. We find that fertility declined by 6 … due to privatization, our results suggest that financial considerations may be a more modest factor in fertility decisions …
Persistent link: https://www.econbiz.de/10009367434