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We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...
Persistent link: https://www.econbiz.de/10005076613
. Reasonable estimates of the size of the inflationary bias in the Czech Republic suggest that conventionally reported declines in …
Persistent link: https://www.econbiz.de/10005126136
The New-Keynesian Phillips curve plays a central role in modern macroeconomic theory. A vast empirical literature has estimated this structural relationship over various postwar full-samples. While it is well know that in a New-Keynesian model a weak central bank response to inflation generates...
Persistent link: https://www.econbiz.de/10005126312
/or failing to assess correctly the quality of their private signal. We evaluate the impact of the considered bias on the …
Persistent link: https://www.econbiz.de/10005134796
Studies suggest a bias against the publication of null (p > .05) results. Instead of significance, we advocate …
Persistent link: https://www.econbiz.de/10005062675
, the root mean square error, bias and finally directional accuracy. The forecasts are even compared to naive random walk … by the naive random walk model. Tests of bias indicate that the Swedish forecasters underestimate GDP-growth and …, root mean square error, directional accuracy, bias, revisions, final respective preliminary outcomes, Theil index, naïve …
Persistent link: https://www.econbiz.de/10005412654
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...
Persistent link: https://www.econbiz.de/10005413244
Recent surveys in the United States and the Muslim world show widespread misinformation about the events of September 11, 2001. Using data from 9 predominantly Muslim countries, we study how such beliefs depend on exposure to news media and levels of education. Standard economic theory would...
Persistent link: https://www.econbiz.de/10005413251
may have a differential impact across groups, creating differential bias. We should reorganize forensic work to reduce … differential bias. The obvious strategy of hiring ethnically diverse forensic workers will not work. “Us vs. Them” thinking is an … important source of differential bias. The definition of “Us” and “Them” is socially conditioned. The current organization of …
Persistent link: https://www.econbiz.de/10005556815
Why do statisticians (econometricians, economists, financial analysts, etc.) continue to incompletely identify the algebraic/geometric structure of the multi-variate data series they profess to analyze, and instead continue to publish the results of incomplete, prejudiced and biased...
Persistent link: https://www.econbiz.de/10005119108