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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"
~subject:"Bildungsertrag"
~subject:"Schätzung"
~subject:"Theory"
~subject:"Ökonometrisches Modell"
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Cheung, Yin-Wong
Heckman, James J.
Herwartz, Helmut
Persson, Torsten
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1
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
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2
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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3
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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4
Exchange Rate Dynamics Under Alternative Optimal Interest Rate Rules
Binici, Mahir
-
2013
We explore the role of interest rate policy in the exchange rate determination process. Specifically, we derive exchange rate equations from interest rate rules that are theoretically optimal under a few alternative settings. The exchange rate equation depends on its underlying interest rate...
Persistent link: https://www.econbiz.de/10013092385
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5
Nominal Exchange Rate Flexibility and Real Exchange Rate Adjustment : Evidence from Dual Exchange Rates in Developing Countries
Cheung, Yin-Wong
;
Lai, Kon S.
-
2021
This study investigates whether greater nominal exchange rate flexibility aids real exchange rate adjustment based on data from dual exchange rates in developing countries. Specifically, we analyze whether the more flexible parallel market rate produces faster real exchange rate adjustment than...
Persistent link: https://www.econbiz.de/10013318352
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6
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
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7
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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8
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
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9
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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10
Testing the correlated random coefficient model
Heckman, James J.
;
Schmierer, Daniel
;
Urzua, Sergio
-
2010
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baselinepretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...
Persistent link: https://www.econbiz.de/10010288398
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