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Persistent link: https://www.econbiz.de/10003377072
based on proper science. The present paper explores sources of bias in the methods used to evaluate environmental policy in …
Persistent link: https://www.econbiz.de/10003997569
We empirically assess whether hindsight bias has consequences on how citizens evaluate their political actors. Using an …. Exogenous variation in the extent of hindsight bias, induced through random assignment to survey structures, allows us to show … that hindsight bias causally reduces trust in government. …
Persistent link: https://www.econbiz.de/10013205089
In a large-scale online experiment with U.S. Democrats, we examine how the demand for a newsletter about an economic relief plan 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/10012668494
Using administrative data, we study the role of attribution bias in a high-stakes, consequential decision: the choice … of results is consistent with attribution bias and difficult to reconcile with competing explanations. …
Persistent link: https://www.econbiz.de/10011862840
We examine partisan bias in inflation expectations. Our dataset includes inflation expectations of the New York Fed … on how partisans respond to changes in the White House's occupant (partisan bias). The results also corroborate the …
Persistent link: https://www.econbiz.de/10012119953
Persistent link: https://www.econbiz.de/10003624522
Using state-dependent local projection methods and historical U.S. data, we find that government spending multipliers are considerably larger in periods of private debt overhang. In particular, we find significant crowding-out of personal consumption and investment in low-debt states, resulting...
Persistent link: https://www.econbiz.de/10010498604
The literature on estimating macroeconomic effects of fiscal policy requires suitable instruments to identify exogenous and unanticipated spending shocks. So far, the instrument of choice has been military build-ups. This instrument, however, largely limits the analysis to the US as few other...
Persistent link: https://www.econbiz.de/10009683406
We estimate the fiscal multiplier associated with shocks to government spending. We consider increases in government spending in the U.S. states in the wake of natural disasters to capture spending shocks that are both unexpected and unrelated to the preceding state of the economy. We find that...
Persistent link: https://www.econbiz.de/10011406560