Many economic and econometric applications require the integration of functions lacking a closed form antiderivative, which is therefore a task that can only be solved by numerical methods. We propose a new family of probability densities that can be used as substitutes and have the property of...

The recently proposed family of hypernormal density functions possess the analytically convenient and computationally efficient property of closed form moments and anti-derivatives in the univariate case. While this result allows many univariate applications to be solved faster and/or more...

In this paper we study how differences in labor market institutions affect the impact of monetary policy on real activity for the U.S. and European countries. We model real shocks as changes in the separation rate of worker-firm matches which can be thought of as a labor demand shock. In...