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Time-varying identification of monetary policy shocks

Camehl, Annika; Woźniak, Tomasz - 2023

We propose a new Bayesian heteroskedastic Markov-switching structural vector autoregression with data-driven time-varying identification. The model selects alternative exclusion restrictions over time and, as a condition for the search, allows to verify identification through heteroskedasticity...

Persistent link: https://www.econbiz.de/10014422351

The impact of family background on educational attainment in Dutch birth cohorts 1966-1995

Atav, Tilbe; Rietveld, Cornelius A.; Van Kippersluis, Hans - 2023

We analyse the evolving impact of family background on educational attainment using administrative data on 2,417,460 individuals from 1,341,403 families born in the Netherlands between 1966 and 1995. Comparisons between parents and their children reveal intergenerational elasticities between...

Persistent link: https://www.econbiz.de/10014380703

Cyclical consumption

Berger, Tino; Pozzi, Lorenzo - 2023

Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...

Persistent link: https://www.econbiz.de/10014380708

Advance information and consumption insurance : evidence from panel data

Pedroni, Marcelo; Singh, Swapnil; Stoltenberg, Christian - 2022 - Preliminary, April 15, 2022

incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …

Persistent link: https://www.econbiz.de/10013186823

Does economic uncertainty predict real activity in real-time?

Keijsers, Bart; Dijk, Dick van - 2022

We assess the predictive ability of 15 economic uncertainty measures in a real-time out-of-sample forecasting exercise for the quantiles of The Conference Board's coincident economic index and its components (industrial production, employment, personal income, and manufacturing and trade sales)....

Persistent link: https://www.econbiz.de/10013375365

Economic impact of illness with health insurance but without income insurance

Neelsen, Sven; Supon Limwattananon; O'Donnell, Owen; … - 2015

coverage for health care but earnings losses are uninsured. Even with comprehensive health care entitlement, severe illness …

Persistent link: https://www.econbiz.de/10010532606

Long run returns to education : does schooling lead to an extended old age?

Van Kippersluis, Hans; O'Donnell, Owen; Van Doorslaer, Eddy - 2009

While there is no doubt that health is strongly correlated with education, whether schooling exerts a causal impact on … health is not yet firmly established. We exploit Dutch compulsory schooling laws in a Regression Discontinuity Design applied … to linked data from health surveys, tax files and the mortality register to estimate the causal effect of education on …

Persistent link: https://www.econbiz.de/10011378232

An environmental-economic assessment of genetic modification of agricultural crops

Bergh, Jeroen C. J. M. van den; Holley, Justin M. - 2001

environment, human health, socio-economic effects, population growth, and differential consequences for developed and developing …

Persistent link: https://www.econbiz.de/10011316889

Estimating and forecasting generalized fractional long memory stochastic volatility models

Peiris, Shelton; Asai, Manabu; McAleer, Michael - 2016

. We examine the statistical properties of the new model, suggest using the spectral likelihood estimation for long memory …

Persistent link: https://www.econbiz.de/10011483824