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Estimating Path Dependence in Energy Transitions

Meng, Kyle C. - 2016

Addressing climate change requires transitioning away from coal-based energy. Recent structural change models demonstrate that temporary interventions could induce permanent fuel switching when transitional dynamics exhibit strong path dependence. Exploiting changes in local coal supply driven...

Persistent link: https://www.econbiz.de/10012456143

Household Balance Sheet Channels of Monetary Policy : A Back of the Envelope Calculation for the Euro Area

Slacalek, Jiri - 2020

This paper formulates a back of the envelope approach to study the effects of monetary policy on household consumption expenditures. We analyze several transmission mechanisms operating through direct, partial equilibrium channels--intertemporal substitution and net interest rate exposure--and...

Persistent link: https://www.econbiz.de/10012479154

Measuring TFP : The Role of Profits, Adjustment Costs, and Capacity Utilization

Comin, Diego A. - 2020

estimation method that accounts for non-zero profits, structurally estimates adjustment costs, and relies on a utilization proxy …

Persistent link: https://www.econbiz.de/10012482228

Low-Frequency Robust Cointegration Testing

Müller, Ulrich - 2009

Standard inference in cointegrating models is fragile because it relies on an assumption of an I(1) model for the common stochastic trends, which may not accurately describe the data's persistence. This paper discusses efficient low-frequency inference about cointegrating vectors that is robust...

Persistent link: https://www.econbiz.de/10012463358

Testing for Parameter Instability and Structural Change in Persistent Predictive Regressions

Andersen, Torben; Varneskov, Rasmus Tangsgaard - National Bureau of Economic Research - 2021

variables may be fractionally integrated and the predictive relation may feature cointegration, we provide sup-Wald break tests …

Persistent link: https://www.econbiz.de/10012496124

A Simple MLE of Cointegrating Vectors in Higher Order Integrated Systems

Stock, James H. - 1989

An MLE of the unknown parameters of co integrating vectors is presented for systems in which some variables exhibit higher orders of integration, in which there might be deterministic components, and in which the co integrating vector itself might involve variables of differing orders of...

Persistent link: https://www.econbiz.de/10012475849

Low-Frequency Econometrics

Müller, Ulrich K. - 2015

Many questions in economics involve long-run or trend variation and covariation in time series. Yet, time series of typical lengths contain only limited information about this long-run variation. This paper suggests that long-run sample information can be isolated using a small number of...

Persistent link: https://www.econbiz.de/10012457105

Gravity and Extended Gravity : Using Moment Inequalities to Estimate a Model of Export Entry

Morales, Eduardo - 2014

Exporting firms often enter foreign markets that are similar to previous export destinations. We develop a dynamic … model in which a firm's exports in a market may depend on how similar the market is to the firm's home country (gravity) and … to its previous export destinations (extended gravity). Given the large number of export paths from which forward …

Persistent link: https://www.econbiz.de/10012458748

Granular Instrumental Variables

Gabaix, Xavier - 2020

"sovereign yield shocks" transmit across countries in the Eurozone. Second, we estimate short-term supply and demand multipliers …

Persistent link: https://www.econbiz.de/10012482423

A Review of Estimates of the Schooling/Earnings Relationship, with Tests for Publication Bias

Ashenfelter, Orley - 2000

measure how these estimates vary by country, over time, and by estimation method. We find evidence reporting (or file drawer …') bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are …

Persistent link: https://www.econbiz.de/10012471319

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