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EVALUATING THE PERFORMANCE OF NON-EXPERIMENTAL ESTIMATORS: EVIDENCE FROM A RANDOMIZED UI PROGRAM

Galdo, Jose - Econometric Society - 2004

of regression functions and matching estimators based on kernel methods with mixed categorical and continuous data. A …-neighbor matching on kernel-based propensity score with mixed categorical and continuous data produces a closer approximation to the … as a promising method for solving the evaluation problem. When restricted to sample observations in the neighborhood of …

Persistent link: https://www.econbiz.de/10005699626

BUSINESS CYCLE IN THE INDUSTRIAL PRODUCTION OF BRAZILIAN STATES

Portugal, Marcelo Savino; Morais, Igor Alexandre Clemente de - Econometric Society - 2004

The present paper applies the Markov switching model with the aim of checking two industrial production features of six major Brazilian states. Firstly, we try to determine the date of business cycles and, soon afterwards, we verify the existence or not of an unobservable component that is...

Persistent link: https://www.econbiz.de/10005328920

Effect of Moments on Aggregation and Long Memory in Inflation

Hightower, Kenneth; Yigit, Taner M. - Econometric Society - 2004

There are two crucial conditions for cross-sectional aggregation of AR(1) parameters to produce long memory: 1) heterogeneity and 2) proximity to the unit root. We analyze role of moments, namely the mean and variance, of the distribution of the AR(1) coefficients in generating long memory. The...

Persistent link: https://www.econbiz.de/10005342140

Likelihood-based estimation and specification analysis of one- and two-factor SV models with leverage effects

Durham, Garland - Econometric Society - 2004

Techniques for simulated maximum likelihood (SML) estimation, filtering, and assessing the fit of stochastic volatility models are examined. Both one- and two-factor models (with leverage effects) are considered. The techniques are computationally efficient, robust, straightforward to implement,...

Persistent link: https://www.econbiz.de/10005342197

Evaluating Monetary Policy When Nominal Interest Rates Are Almost Zero

Fujiwara, Ippei - Econometric Society - 2004

The non-negativity constraint on nominal interest rates may have been a major factor behind a putative structural break in the effectiveness of monetary policy. To check for the existence of such a break without making prior assumptions about timing, and to enable comparison between pre- and...

Persistent link: https://www.econbiz.de/10005130248

Another Characterization of Long Memory Behavior

Collet, Jerome J; Guegan, Dominique - Econometric Society - 2004

Different criteria exist to define long memory behavior. The two most used relate to the asymptotic decay of the autocovariance function of a process, and to the shape of its spectral density. In the case of a long memory process, the asymptotic decay of the autocovariance function is...

Persistent link: https://www.econbiz.de/10005063673

Multiple social interactions and reproductive externalities: An investigation of fertility behaviour in Kenya

Weeks, Melvyn; Iyer, Sriya - Econometric Society - 2004

This paper examines empirically the impact of reproductive externalities on fertility behaviour in one developing society - Kenya. We examine this issue by quantifying the effects of group membership on the number of children ever born. The focus of this study is the identification of structural...

Persistent link: https://www.econbiz.de/10005699645

Delegated Management in Dynamic Oligopolies

Petkov, Vladimir - Econometric Society - 2004

This paper studies the strategic value of delegation in dynamic interactions, where principals provide managers with intertemporal incentives in order to obtain a competitive advantage. While direct management offers intertemporal commitment opportunities, the separation of ownership from...

Persistent link: https://www.econbiz.de/10005342160

Double-Holdups in a Matching Model with Search Frictions and Endogenous Heterogeneity

Navarro, Lucas - Econometric Society - 2004

random matching model with endogenous heterogeneity. I analyze the efficiency properties of the equilibrium and find that in …

Persistent link: https://www.econbiz.de/10005328902

Agent Heterogeneity and Learning: An Application to Labor Markets

Woodcock, Simon D. - Econometric Society - 2004

I develop a matching model with heterogeneous workers, firms, and worker-firm matches, and apply it to longitudinal … truncated. I test predictions from the matching model using data from the Longitudinal Employer-Household Dynamics (LEHD … structures, including the martingale hypothesis implied by the learning process. I find considerable support for the matching …

Persistent link: https://www.econbiz.de/10005328946