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~isPartOf:"CESifo Working Paper Series"
~isPartOf:"cemmap working paper"
~person:"Cheung, Yin-Wong"
~person:"Heckman, James J."
~person:"Herwartz, Helmut"
~person:"Persson, Torsten"
~person:"Smith, Ron"
~subject:"Bildungsertrag"
~subject:"Schätzung"
~subject:"Ökonometrisches Modell"
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Cheung, Yin-Wong
Heckman, James J.
Herwartz, Helmut
Persson, Torsten
Smith, Ron
Pesaran, M. Hashem
9
Caporale, Guglielmo Maria
7
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1
Identification of New Keynesian Phillips Curves from a Global Perspective
Dees, Stephane
;
Pesaran, M. Hashem
;
Smith, L. Vanessa
; …
-
2021
number of issues of concern about how they are estimated and then related to the underlying macroeconomic
theory
. The first …
Persistent link: https://www.econbiz.de/10013316577
Saved in:
2
The Growth Effect of Democracy : Is It Heterogenous and How Can it Be Estimated?
Persson, Torsten
;
Tabellini, Guido
-
2021
We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously...
Persistent link: https://www.econbiz.de/10013317020
Saved in:
3
Dissecting the PPP Puzzle : The Unconventional Roles of Nominal Exchange Rate and Price Adjustments
Cheung, Yin-Wong
;
Lai, Kon S.
;
Bergman, U. Michael
-
2021
The conventional view, as expounded by sticky-price models, is that price adjustment determines the PPP reversion rate. This study examines the mechanism by which PPP deviations are corrected. Nominal exchange rate adjustment, not price adjustment, is shown to be the key engine governing the...
Persistent link: https://www.econbiz.de/10013319983
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4
Supply, Demand and Monetary Policy Shocks in a Multi-Country New Keynesian Model
Dees, Stephane
-
2013
-specific foreign output variable to capture direct inter-country linkages. In accord with the
theory
all variables are measured as … restrictions implied by the NK
theory
. The multi-country DSGE NK model is then solved to provide estimates of identified supply …
Persistent link: https://www.econbiz.de/10013094653
Saved in:
5
A Cross-Country Empirical Analysis of International Reserves
Cheung, Yin-Wong
-
2013
Using data from more than 100 economies for the period of 1975 to 2005, we conduct an extensive empirical analysis of the determinants of international reserve holdings. Four groups of determinants, namely, traditional macro variables, financial variables, institutional variables, and dummy...
Persistent link: https://www.econbiz.de/10013095899
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6
Demographic Structure and Macroeconomic Trends
Aksoy, Yunus
;
Basso, Henrique S.
;
Smith, Ron
;
Grasl, Tobias
-
2021
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10013315503
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7
Identifying hedonic models
Ekeland, Ivar
;
Heckman, James J.
;
Nesheim, Lars
-
2001
, Sherwin Rosen, 1974 and Dennis Epple, 1987, for contributions to this literature). While the
theory
is well formulated, and …
Persistent link: https://www.econbiz.de/10010318466
Saved in:
8
Simulation and estimation of hedonic models
Heckman, James J.
;
Matzkin, Rosa Liliana
;
Nesheim, Lars P.
-
2003
Persistent link: https://www.econbiz.de/10010318494
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9
Identification and estimation of hedonic models
Ekeland, Ivar
;
Heckman, James J.
;
Nesheim, Lars
-
2002
This paper considers the identification and estimation of hedonic models. We establish that technology and preferences in a separable version of the hedonic model are generically identified up to affine transformations from data on demand and supply in a single hedonic market. For a very general...
Persistent link: https://www.econbiz.de/10010318545
Saved in:
10
Estimating the technology of cognitive and noncognitive skill formation
Cunha, Flavio
;
Heckman, James J.
;
Schennach, Susanne M.
-
2010
This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...
Persistent link: https://www.econbiz.de/10010288377
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