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Identification of Marginal Treatment Effects using Subjective Expectations

Briggs, Joseph; Caplin, Andrew; Leth-Petersen, Søren; … - National Bureau of Economic Research - 2024

We develop a method to identify the individual latent propensity to select into treatment and marginal treatment effects. Identification is achieved with survey data on individuals' subjective expectations of their treatment propensity and of their treatment-contingent outcomes. We use the...

Persistent link: https://www.econbiz.de/10014528349

Wage Dynamics : Reconciling Theory and Evidence

Blanchard, Olivier Jean - 1999

U.S. macroeconomic evidence shows a negative relation between the rate of change of wages and unemployment. In contrast, most theories of wage determination imply a negative relation between the level of wages and unemployment. In this paper, we ask whether one can reconcile the empirical...

Persistent link: https://www.econbiz.de/10012471883

Efficient Inflation Forecasts : An International Comparison

Kane, Alex - 1985

expected inflation. To test this question two sets of inflation forecasts for the U.S. and five European countries were … generated: 1) from time series of past inflation rates;2) by forecasting real rates from time series of past real rates and … subtracting these forecasts from nominal rates. The accuracy of the two sets of inflation forecasts was compared. The results …

Persistent link: https://www.econbiz.de/10012477544

A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions

Edwards, Sebastian - 2003

probability of being a common currency country and outcome' equations for growth, volatility and inflation. We find that both type … of common currency countries have lower inflation than countries with a domestic currency. Dollarized countries have …

Persistent link: https://www.econbiz.de/10012469189

Exchange Rate Prediction Redux : New Models, New Data, New Currencies

Cheung, Yin-Wong - 2017

Previous assessments of nominal exchange rate determination, following Meese and Rogoff (1983) have focused upon a narrow set of models. Cheung et al. (2005) augmented the usual suspects with productivity based models, and "behavioral equilibrium exchange rate" models, and assessed performance...

Persistent link: https://www.econbiz.de/10012455414

The Changing Structure of Wages in the US and Germany : What Explains the Differences?

Beaudry, Paul - 2000

Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...

Persistent link: https://www.econbiz.de/10012471064

Labor and Investment Demand at the Firm Level : A Comparison of French, German and U.S. Manufacturing, 1970-79

Mairesse, Jacques - 1985

We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment separately) differs in French, German and U.S. manufacturing, and has changed since the 1974-75 crisis. We use three consistent panel data samples of large firms for1970-79, and rely...

Persistent link: https://www.econbiz.de/10012477531

How Does State-Level Carbon Pricing in the United States Affect Industrial Competitiveness?

Casey, Brendan J. - 2020

Pricing carbon emissions from a jurisdiction could harm the competitiveness of local firms, causing the leakage of emissions and economic activity to other regions. Past research concentrated on national carbon prices, but the impacts of subnational carbon prices could be more severe due to the...

Persistent link: https://www.econbiz.de/10012479153

Technology Capital and the U.S. Current Account

McGrattan, Ellen R. - 2008

The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U.S. multinational companies over the period 1982--2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign multinationals averaged only 3.2 percent. Two factors distort...

Persistent link: https://www.econbiz.de/10012464663

Firm Level Investment and R&D in France and the United States : A Comparison

Mulkay, Benoit - 2000

This paper is a contribution to the small but growing literature that compares the investment and R&D behavior of manufacturing firms in large developed countries that have varying financial and capital market institutions. Specifically, we look at two similar samples of French and United States...

Persistent link: https://www.econbiz.de/10012470693

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