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The Dollar in an Era of International Retrenchment

Chahrour, Ryan; Valchev, Rosen - National Bureau of Economic Research - 2023

Recent trends suggest the world economy may be tending towards an equilibrium with two distinct trading blocs, each … internally integrated, but with significant isolation between the blocs. This paper uses a quantitative theory to explore how far … this bifurcation would need to go to pose a threat to the special role of the dollar in international exchange. The theory …

Persistent link: https://www.econbiz.de/10014322792

Measuring the Tolerance of the State : Theory and Application to Protest

Andirin, Veli; Neggers, Yusuf; Shadmehr, Mehdi; … - National Bureau of Economic Research - 2022

We develop a measure of a regime's tolerance for an action by its citizens. We ground our measure in an economic model and apply it to the setting of political protest. In the model, a regime anticipating a protest can take a costly action to repress it. We define the regime's tolerance as the...

Persistent link: https://www.econbiz.de/10013334386

Simulation and estimation of hedonic models

Heckman, James J.; Matzkin, Rosa L.; Nesheim, Lars - 2003

Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...

Persistent link: https://www.econbiz.de/10001784247

Identification and estimation of hedonic models

Ekeland, Ivar; Heckman, James J.; Nesheim, Lars - 2003

This paper considers the identification and estimation of hedonic models. We establish that in an additive version of the hedonic model, technology and preferences are generically identified up to affine transformations from data on demand and supply in a single hedonic market. For a very...

Persistent link: https://www.econbiz.de/10001870920

Dealing with Imperfect Randomization : Inference for the HighScope Perry Preschool Program

Heckman, James J.; Pinto, Rodrigo; Shaikh, Azeem M. - National Bureau of Economic Research - 2023

This paper considers the problem of making inferences about the effects of a program on multiple outcomes when the assignment of treatment status is imperfectly randomized. By imperfect randomization we mean that treatment status is reassigned after an initial randomization on the basis of...

Persistent link: https://www.econbiz.de/10014447303