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Identifying Government Spending Shocks : It's All in the Timing
Ramey, Valerie A. - 2009
Do shocks to government spending raise or lower consumption and real wages? Standard VAR identification approaches show a rise in these variables, whereas the Ramey-Shapiro narrative identification approach finds a fall. I show that a key difference in the approaches is the timing. Both...
Persistent link: https://www.econbiz.de/10012463185
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Global Patterns of Income and Health : Facts, Interpretations, and Policies
Deaton, Angus - 2006
People in poor countries live shorter lives than people in rich countries so that, if we scale income by some index of health, there is more inequality in the world than if we consider income alone. Such international inequalities in life expectancy decreased for many years after 1945, and the...
Persistent link: https://www.econbiz.de/10012465925
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Political Limits to Globalization
Acemoglu, Daron - 2010
Despite the major advances in information technology that have shaped the recent wave of globalization, openness to trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper suggests that a particular threat and a limiting factor to...
Persistent link: https://www.econbiz.de/10012462958
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Macroeconomic Effects from Government Purchases and Taxes
Barro, Robert J. - 2009
GDP, mainly investment, but also non-defense government purchases and net exports. Consumer expenditure on non … a newly constructed time series) have significantly negative effects on GDP. When interpreted as a tax multiplier, the … magnitude is around 1.1. When we hold constant marginal tax rates, we find no statistically significant effects on GDP from …
Persistent link: https://www.econbiz.de/10012463281
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Military Expenditure, Threats, and Growth
Aizenman, Joshua - 2003
is frequently found to be non-significant or negative, yet most countries spend a large fraction of their GDP on defense …
Persistent link: https://www.econbiz.de/10012469080
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Money And Income, Causality Detection
Hsiao, Cheng - 1977
In this paper we intend to survey and suggest the theoretical framework of the important aspects of causality detection with the purpose of conveying to the reader the essential features and the different forms in which inferences may be drawn from given data. Section II presents the basic...
Persistent link: https://www.econbiz.de/10012478962
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Two-way Fixed Effects and Differences-in-Differences Estimators with Several Treatments
Chaisemartin, Clément de; D'Haultfœuille, Xavier - National Bureau of Economic Research - 2022
We study regressions with period and group fixed effects and several treatment variables. Under a parallel trends assumption, the coefficient on each treatment identifies the sum of two terms. The first term is a weighted sum of the effect of that treatment in each group and period, with weights...
Persistent link: https://www.econbiz.de/10012938703
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Probabilistic Prediction for Binary Treatment Choice : with Focus on Personalized Medicine
Manski, Charles F. - National Bureau of Economic Research - 2021
This paper extends my research applying statistical decision theory to treatment choice with sample data, using maximum regret to evaluate the performance of treatment rules. The specific new contribution is to study as-if optimization using estimates of illness probabilities in clinical choice...
Persistent link: https://www.econbiz.de/10012660036
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Semiparametric Estimation of Treatment Effects in Randomized Experiments
Athey, Susan; Bickel, Peter J.; Chen, Aiyou; Imbens, Guido - National Bureau of Economic Research - 2021
We develop new semiparametric methods for estimating treatment effects. We focus on a setting where the outcome distributions may be thick tailed, where treatment effects are small, where sample sizes are large and where assignment is completely random. This setting is of particular interest in...
Persistent link: https://www.econbiz.de/10012629462
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Difference-in-Differences Estimators of Intertemporal Treatment Effects
Chaisemartin, Clément de; D'Haultfœuille, Xavier - National Bureau of Economic Research - 2022
We study treatment-effect estimation, with a panel where groups may experience multiple changes of their treatment dose. We make parallel trends assumptions, but do not restrict treatment effect heterogeneity, unlike the linear regressions that have been used in such designs. We extend the...
Persistent link: https://www.econbiz.de/10013172172