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On the Solvency of Nations : Cross-Country Evidence on the Dynamics of External Adjustment

Durdu, C. Bora - 2012

We test the hypothesis that net foreign asset positions are consistent with external solvency and examine the dynamics of external adjustment using data for 50 countries over the 1970-2006 period. Our analysis adapts Bohn's (2007) error-correction reaction function approach--which tests for a...

Persistent link: https://www.econbiz.de/10012460279

Household Production and the Excess Sensitivity of Consumption to Current Income

Baxter, Marianne - 1999

Empirical research on the permanent income hypothesis (PIH) has found that consumption growth is excessively sensitive to predictable changes in income. This finding is interpreted as strong evidence against the PIH. We propose an explanation for apparent excess sensitivity that is based on a...

Persistent link: https://www.econbiz.de/10012471755

The Other Side of the Tradeoff : The Impact of Risk on Executive Compensation

Aggarwal, Rajesh - 1998

The principal-agent model of executive compensation is of central importance to the modern theory of the firm and corporate governance, yet the existing empirical evidence supporting it is quite weak. The key predication of the model is that the executive's pay-performance sensitivity is...

Persistent link: https://www.econbiz.de/10012472176

The Sensitivity of Experimental Impact Estimates : Evidence from the National JTPA Study

Heckman, James J. - 1997

estimates for both youth groups are sensitive to nearly all the factors we consider. In particular, accounting for experimental …

Persistent link: https://www.econbiz.de/10012472709

External Validity in Fuzzy Regression Discontinuity Designs

Bertanha, Marinho - 2014

Many empirical studies use Fuzzy Regression Discontinuity (FRD) designs to identify treatment effects when the receipt of treatment is potentially correlated to outcomes. Existing FRD methods identify the local average treatment effect (LATE) on the subpopulation of compliers with values of the...

Persistent link: https://www.econbiz.de/10012457893

A Fuzzy Logic Approach Toward Solving the Analytic Maze of Health System Financing

Chernichovsky, Dov - 2001

Improved health, equity, macro-economic efficiency, efficient provision of care, and client satisfaction are the common goals of the health system. The relative significance of these goals varies, however, across nations, communities, and with time. As for health care finance, the attainment of...

Persistent link: https://www.econbiz.de/10012470248

Fuzzy Frontiers of Production : Evidence of Persistent Inefficiency in Safety Expenditures

Ichniowski, Casey - 1984

This study documents a strong inverse relationship between accident rates and production in a sample of eleven firms in the same narrowly defined industry classification. Given the detailed set of input controls and controls for plant-specific and time-specific factors used in the analysis, the...

Persistent link: https://www.econbiz.de/10012477724

The Power Asymmetry in Fuzzy Regression Discontinuity Designs

Kaliski, Daniel; Keane, Michael P.; Neal, Timothy - National Bureau of Economic Research - 2025

In a fuzzy regression discontinuity (RD) design, the probability of treatment jumps when a running variable (R) passes a threshold (R0). Fuzzy RD estimates are obtained via a procedure analogous to two-stage least squares (2SLS), where an indicator I(R R0) plays the role of the instrument....

Persistent link: https://www.econbiz.de/10015421923

Bank-Tax Conformity for Corporate Income : An Introduction to the Issues

Hanlon, Michelle - 2005

This paper discusses the issues surrounding the proposals to conform financial accounting income and taxable income …. The two incomes diverged in the late 1990s with financial accounting income becoming increasingly greater than taxable … of earnings management for financial accounting and/or the tax sheltering of corporate income. Our paper outlines the …

Persistent link: https://www.econbiz.de/10012467620

Accounting for Business Cycles

Brinca, Pedro - 2016

We elaborate on the business cycle accounting method proposed by Chari, Kehoe, and McGrattan (2007), clear up some …

Persistent link: https://www.econbiz.de/10012456017