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Machine learning and causality : the impact of financial crises on growth
Tiffin, Andrew - 2019
Machine learning tools are well known for their success in prediction. But prediction is not causation, and causal discovery is at the core of most questions concerning economic policy. Recently, however, the literature has focused more on issues of causality. This paper gently introduces some...
Persistent link: https://www.econbiz.de/10012154563
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Macroeconomic impact of the Itaipú Treaty review for Paraguay
Che, Natasha - 2021
With the debt obligation of Itaipu Binational being completed paid off by 2023, the Annex C of the Treaty of Itaipu, which governs the operation and revenue distribution of the Itaipu Dam, is due for review and possible revisions. The implications for Paraguay's export revenues and fiscal...
Persistent link: https://www.econbiz.de/10012613496
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Bidding Behavior in Treasury Bill Auctions : Evidence From Pakistan
International Monetary Fund - 2000
Behavior in the first three years of auctions for Pakistani treasury bills is studied. Bidding strategies rapidly … converged to a consistent pattern after the auctions started in 1991. Factors are identified that influenced the expected … profitability of auction participation, which was on average low and did not differ between types of bidders. Prices bid are found …
Persistent link: https://www.econbiz.de/10014399895
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Treasury Bill Auctions : Issues and Uses
Cottarelli, Carlo - 1994
We review the main issues that arise in the design of treasury bill auctions and survey the relevant empirical … literature. We also provide a detailed description of the actual design of these auctions in a sample of 42 industrial and …
Persistent link: https://www.econbiz.de/10014398289
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Auction Format Matters : Evidenceon Bidding Behavior and Seller Revenue
Feldman, Robert Alan - 1995
This paper evaluates the importance of auction format on bidding behavior and seller revenue, focusing on differences … equivalence between the two formats. Applying this model to data from the IMF gold auctions run in 1976-80, we find evidence of …
Persistent link: https://www.econbiz.de/10014398468
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Building back better : how big are green spending multipliers?
Batini, Nicoletta; Di Serio, Mario; Fragetta, Matteo; … - 2021
This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink...
Persistent link: https://www.econbiz.de/10012518986
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Individual treatment effects of budget balance rules
Caselli, Francesca; Stoehlker, Daniel; Wingender, Philippe - 2020
This paper investigates the heterogenous effects of budget balance rules on fiscal policy in a large sample of countries. To derive country-specific treatment effects of fiscal rules and conduct inference, we use a Synthetic Difference-in-Differences Method. Our results indicate that countries...
Persistent link: https://www.econbiz.de/10012485989
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Market signals and the cost of credit risk protection : an analysis of CDS settlement auctions
Zanforlin, Luisa; Kanazawa, Nobuyuki - 2014
Persistent link: https://www.econbiz.de/10010479499
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Rationing Rules and Outcomes : The Experience of Singapore's Vehicle Quota System
Tan, Ling Hui - 2001
Since 1990, Singapore has sought to control motor vehicle ownership by means of an auction quota system, whereby … transferability-are highlighted, and policy lessons are drawn for the design of auction quotas in general …
Persistent link: https://www.econbiz.de/10014400948
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Auction Quotas with a Foreign Duopoly
Tan, Ling Hui - 2000
This paper uses a partial equilibrium framework to compare the welfare consequences of different methods of quota administration relative to free trade under imperfect competition. It shows that a country importing a good from foreign duopolists may improve its welfare by setting a quota at the...
Persistent link: https://www.econbiz.de/10014399874