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Real time econometrics
Pesaran, M. Hashem; Timmermann, Allan - 2004
This paper considers the problems facing decision-makers using econometric models in real time. It identifies the key stages involved and highlights the role of automated systems in reducing the effect of data snooping. It sets out many choices that researchers face in construction of automated...
Persistent link: https://www.econbiz.de/10011402465
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Financial returns to collecting rare political economy books
Ursprung, Heinrich W. - 2021
Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...
Persistent link: https://www.econbiz.de/10012437910
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Have macroeconomic models lost their connection with economic reality?
Veen, Tom van - 2020
Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw … the development of macroeconomic theory over the past 40 years. The focus is on the main lines of thinking and the story … changes in macroeconomic theory and that the current debates after the GFC will be the start of a more plural approach to …
Persistent link: https://www.econbiz.de/10012211109
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Econometric methods for causal evaluation of education policies and practices : a non-technical guide
Schlotter, Martin; Schwerdt, Guido; Woessmann, Ludger - 2009
Education policy-makers and practitioners want to know which policies and practices can best achieve their goals. But research that can inform evidence-based policy often requires complex methods to distinguish causation from accidental association. Avoiding econometric jargon and technical...
Persistent link: https://www.econbiz.de/10003922964
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Corporate taxation and multinational activity
Egger, Peter; Loretz, Simon; Pfaffermayr, Michael; … - 2006
Persistent link: https://www.econbiz.de/10003364720
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Partially adaptive econometric methods and the modern obesity epidemic
Carson, Scott Alan; McDonald, James B. - 2018
Assumptions about explanatory variables and errors are central in regression analysis. For example, the well-known method of ordinary least squares yields consistent and efficient estimators if the underlying error terms are independently, identically, and normally distributed. Additionally, the...
Persistent link: https://www.econbiz.de/10011853276
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The econometrics and economics of the employment effects of minimum wages : getting from known unknowns to known knowns
Neumark, David - 2018
I discuss the econometrics and the economics of past research on the effects of minimum wages on employment in the … some insights from both theory and past evidence that may be informative about the effects of high minimum wages, and try …
Persistent link: https://www.econbiz.de/10011939807
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Identification and estimation of heterogeneous agent models : a likelihood approach
Parra-Alvarez, Juan Carlos; Posch, Olaf; Wang, Mu-Chun - 2017
In this paper, we study the statistical properties of heterogeneous agent models with incomplete markets. Using a Bewley-Hugget-Aiyagari model we compute the equilibrium density function of wealth and show how it can be used for likelihood inference. We investigate the identifiability of the...
Persistent link: https://www.econbiz.de/10011745280
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Household models : an historical perspective
Apps, Patricia (contributor); Rees, Ray (contributor) - 2007
Persistent link: https://www.econbiz.de/10003624695
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Please bring me the New York Times : on the European roots of richard Abel Musgrave
Sinn, Hans-Werner (contributor) - 2007
Persistent link: https://www.econbiz.de/10003499567