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A Sharp Test for the Judge Leniency Design

Coulibaly, Mohamed; Hsu, Yu-Chin; Mourifié, Ismael; … - National Bureau of Economic Research - 2024

We propose a new specification test to assess the validity of the judge leniency design. We characterize a set of sharp testable implications, which exploit all the relevant information in the observed data distribution to detect violations of the judge leniency design assumptions. The proposed...

Persistent link: https://www.econbiz.de/10014544734

IV Quantile Regression for Group-level Treatments, with an Application to the Distributional Effects of Trade

Chetverikov, Denis - 2015

of group-level unobservables, standard quantile regression techniques are inconsistent in our setting even if the …, consisting of group-by-group quantile regression followed by two-stage least squares. Using the Bahadur representation of …

Persistent link: https://www.econbiz.de/10012457635

On policy evaluation with aggregate time-series instruments

Arkhangelsky, Dmitry; Korovkin, Vasily - 2024

Persistent link: https://www.econbiz.de/10014507747

Local Polynomial Order in Regression Discontinuity Designs

Pei, Zhuan - 2020

Treatment effect estimates in regression discontinuity (RD) designs are often sensitive to the choice of bandwidth and … polynomial order, the two important ingredients of widely used local regression methods. While Imbens and Kalyanaraman (2012) and … of the local regression RD estimator as the criterion to guide polynomial order selection. We show in Monte Carlo …

Persistent link: https://www.econbiz.de/10012481619

Pre-event Trends in the Panel Event-study Design

Freyaldenhoven, Simon - 2018

We consider a linear panel event-study design in which unobserved confounds may be related both to the outcome and to the policy variable of interest. We provide sufficient conditions to identify the causal effect of the policy by exploiting covariates related to the policy only through the...

Persistent link: https://www.econbiz.de/10012453151

Non-random exposure to exogenous shocks : theory and applications

Borusyak, Kirill; Hull, Peter - 2020

Persistent link: https://www.econbiz.de/10012306198

Empirical Strategies in Economics : Illuminating the Path from Cause to Effect

Angrist, Joshua D. - National Bureau of Economic Research - 2022

whom particular instrumental variables (IV) and regression discontinuity estimates are valid. This lecture uses several …

Persistent link: https://www.econbiz.de/10012938695

When is TSLS Actually LATE?

Blandhol, Christine; Bonney, John; Mogstad, Magne; … - National Bureau of Economic Research - 2022

Linear instrumental variable estimators, such as two-stage least squares (TSLS), are commonly interpreted as estimating positively weighted averages of causal effects, referred to as local average treatment effects (LATEs). We examine whether the LATE interpretation actually applies to the types...

Persistent link: https://www.econbiz.de/10012814484

How and When to Use the Political Cycle to Identify Advertising Effects

Moshary, Sarah - 2020

A central challenge in estimating the causal effect of TV advertising on demand is isolating quasi-random variation in advertising. Political advertising, which topped $14 billion in expenditures in 2016, has been proposed as a plausible source of such variation and thus a candidate for an...

Persistent link: https://www.econbiz.de/10012481544

Granular Credit Risk

Galaasen, Sigurd - 2020

What is the impact of granular credit risk on banks and on the economy? We provide the first causal identification of single-name counterparty exposure risk in bank portfolios by applying a new empirical approach on an administrative matched bank-firm dataset from Norway. Exploiting the fat tail...

Persistent link: https://www.econbiz.de/10012482214