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Semiparametric Causality Tests Using the Policy Propensity Score

Angrist, Joshua D. - 2004

Time series data are widely used to explore causal relationships, typically in a regression framework with lagged dependent variables. Regression-based causality tests rely on an array of functional form and distributional assumptions for valid causal inference. This paper develops a...

Persistent link: https://www.econbiz.de/10012467713

Treatment Effect Heterogeneity in Theory and Practice

Angrist, Joshua D. - 2003

Instrumental Variables (IV) methods identify internally valid causal effects for individuals whose treatment status is manipulable by the instrument at hand. Inference for other populations requires some sort of homogeneity assumption. This paper outlines a theoretical framework that nests all...

Persistent link: https://www.econbiz.de/10012468990

Instrumental Variables Estimation of Quantile Treatment Effects

Abadie, Alberto - 1998

This paper introduces an instrumental variables estimator for the effect of a binary treatment on the quantiles of potential outcomes. The quantile treatment effects (QTE) estimator accommodates exogenous covariates and reduces to quantile regression as a special case when treatment status is...

Persistent link: https://www.econbiz.de/10012472370

Empirical Strategies in Economics : Illuminating the Path from Cause to Effect

Angrist, Joshua D. - National Bureau of Economic Research - 2022

The view that empirical strategies in economics should be transparent and credible now goes almost without saying. The local average treatment effects (LATE) framework for causal inference helped make this so. The LATE theorem tells us for whom particular instrumental variables (IV) and...

Persistent link: https://www.econbiz.de/10012938695

Instrumental Variables Estimation of Average Treatment Effects in Econometrics and Epidemiology

Angrist, Joshua D. - 1991

The average effect of intervention or treatment is a parameter of interest in both epidemiology and econometrics. A key difference between applications in the two fields is that epidemiologic research is more likely to involve qualitative outcomes and nonlinear models. An example is the recent...

Persistent link: https://www.econbiz.de/10012475099

Globalization, Governance, and the Returns to Cross-Border Acquisitions

Ellis, Jesse - 2011

Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...

Persistent link: https://www.econbiz.de/10012461981

Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston

Calomiris, Charles W. - 2005

one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined …

Persistent link: https://www.econbiz.de/10012467332

Banker Fees and Acquisition Premia for Targets in Cash Tender Offers : Challenges to the Popular Wisdom on Banker Conflicts

Calomiris, Charles W. - 2005

We analyze data on fees paid to investment bankers and acquisition premia paid for targets in cash tender offers. Our results are broadly consistent with the predictions of a benign view of the role of investment banks in advising acquisition targets. Fees to investment banks are correlated with...

Persistent link: https://www.econbiz.de/10012467350

The Determinants of Bank Liquid Asset Holdings

Stulz, René M.; Taboada, Alvaro G.; Dijk, Mathijs van - National Bureau of Economic Research - 2022

Bank liquid asset holdings vary significantly across banks and through time. The determinants of liquid asset holdings …

Persistent link: https://www.econbiz.de/10013361994

Deposit Insurance : Theories and Facts

Calomiris, Charles W. - 2016

Economic theories posit that bank liability insurance is designed as serving the public interest by mitigating systemic … private interests of banks, bank borrowers, and depositors, potentially at the expense of the public interest. Empirical …-through subsidy targeted to particular classes of bank borrowers …

Persistent link: https://www.econbiz.de/10012456452