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Estimation and Inference for Spatial Models with Heterogeneous Coefficients : An Application to U.S. House Prices
Aquaro, Michele - 2019
This paper considers the problem of identification, estimation and inference in the case of spatial panel data models … errors. A quasi maximum likelihood (QML) estimation procedure is developed and the conditions for identification of spatial …
Persistent link: https://www.econbiz.de/10012890630
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COVID-Induced School Closures in the US and Germany : Long-Term Distributional Effects
Fuchs-Schündeln, Nicola - 2022
dropped on average by -55% in the US and -45% in Germany from the onset of the crisis to the summer of 2021. In the US …, schools were closed longer in richer than in poorer areas, while in Germany the regional variation is much smaller. However …, Germany exhibited substantial variation by grade level, with a strong U-shaped patterns that implies that children attending …
Persistent link: https://www.econbiz.de/10013291960
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Non-Linearities and Persistence in US Long-Run Interest Rates
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; … - 2021
-August 2020, the other from the ECB reporting average monthly values over the period January 1900-August 2020. The estimation …
Persistent link: https://www.econbiz.de/10013314848
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Sales and Markup Dispersion : Theory and Empirics
Mrazova, Monika - 2019
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of demand in monopolistic competition. Applications include a new “CREMR” demand function (Constant Revenue Elasticity of Marginal Revenue): it is necessary and sufficient for...
Persistent link: https://www.econbiz.de/10012892151
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Optimal Carbon Taxation and Horizontal Equity : A Welfare-Theoretic Approach with Application to German Household Data
Hänsel, Martin C.; Franks, Max; Kalkuhl, Matthias; … - 2021
We develop a model of optimal carbon taxation and redistribution taking into account horizontal equity concerns by considering heterogeneous energy efficiencies. By deriving first- and secondbest rules for policy instruments including carbon taxes, transfers and energy subsidies, we then...
Persistent link: https://www.econbiz.de/10013239565
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Monetary Policy in the Presence of Supply Constraints : Evidence from German Firm-Level Data
Balleer, Almut; Noeller, Marvin - 2023
Using firm-level survey data from Germany, this paper asks how do supply constraints propagate monetary policy shocks …
Persistent link: https://www.econbiz.de/10014261028
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The Demand for Fact-Checking
Chopra, Felix; Haaland, Ingar; Roth, Christopher - 2021
Using a large-scale online experiment with more than 8,000 U.S. respondents, we examine how the demand for a politics newsletter changes when the newsletter content is fact-checked. We first document an overall muted demand for fact-checking when the newsletter features stories from an...
Persistent link: https://www.econbiz.de/10013228860
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Common Correlated Effects Estimation of Heterogeneous Dynamic Panel Quantile Regression Models
Harding, Matthew - 2018
Pesaran (2015) and demonstrates that the extension to the estimation of dynamic quantile regression models is feasible under …
Persistent link: https://www.econbiz.de/10012908711
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Estimation of Conditional Asset Pricing Models with Integrated Variables in the Beta Specification
Antypas, Antonios - 2019
We introduce a methodology which deals with possibly integrated variables in the specification of the betas of conditional asset pricing models. In such a case, any model which is directly derived by a polynomial approximation of the functional form of the conditional beta will inherit a...
Persistent link: https://www.econbiz.de/10012857914
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Estimating General Equilibrium Spillovers of Large-Scale Shocks
Huber, Kilian - 2021
functional forms can overcome different sources of bias. The analysis is particularly relevant to the estimation of spillovers …
Persistent link: https://www.econbiz.de/10013237223