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Monotone Instrumental Variables with an Application to the Returns to Schooling
Manski, Charles F.; Pepper, John V. - 2021
Econometric analyses of treatment response commonly use instrumental variable (IV) assumptions to identify treatment effects. Yet the credibility of IV assumptions is often a matter of considerable disagreement, with much debate about whether some covariate is or is not a "valid instrument" in...
Persistent link: https://www.econbiz.de/10013247435
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An Instrumental Variable Approach to Dynamic Models
Berry, Steven; Compiani, Giovanni - 2023
We present a new class of methods for identification and inference in dynamic models with serially correlated unobservables, which typically imply that state variables are econometrically endogenous. In the context of Industrial Organization, these state variables often reflect econometrically...
Persistent link: https://www.econbiz.de/10014346917
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Solving Large Scale Rational Expectations Models
Gaspar, Jess - 2010
We explore alternative approaches to numerical solutions of large rational expectations models. We discuss and compare several current alternatives, focussing on the tradeoffs in accuracy, space, and speed. The models range from representative agent models with many goods and capital stocks, to...
Persistent link: https://www.econbiz.de/10012763554
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Econometrics for Decision Making : Building Foundations Sketched by Haavelmo and Wald
Manski, Charles F. - 2019
initiated his own seminal development of statistical decision theory. Haavelmo favorably cited Wald, but econometrics …In the early 1940s, Haavelmo proposed a probabilistic structure for econometric modeling, aiming to make econometrics … subsequently did not embrace statistical decision theory. Instead, it focused on study of identification, estimation, and …
Persistent link: https://www.econbiz.de/10012857670
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Quantifier Elimination for Deduction in Econometrics
Mulligan, Casey B. - 2018
When combined with the logical notion of partially interpreted functions, many nonparametric results in econometrics …
Persistent link: https://www.econbiz.de/10012919312
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Quantitative Spatial Economics
Redding, Stephen J. - 2016
The observed uneven distribution of economic activity across space is influenced by variation in exogenous geographical characteristics and endogenous interactions between agents in goods and factor markets. Until recently, the theoretical literature on economic geography had focused on stylized...
Persistent link: https://www.econbiz.de/10012982952
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Insider Econometrics : Empirical Studies of How Management Matters
Ichniowski, Casey - 2010
productivity?This research approach, which we term insider econometrics, addresses these questions by combining insights from …
Persistent link: https://www.econbiz.de/10013148391
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Instrumental Variables : An Econometrician's Perspective
Imbens, Guido W. - 2014
I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I …
Persistent link: https://www.econbiz.de/10013056855
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Recent Developments in the Econometrics of Program Evaluation
Imbens, Guido W.; Wooldridge, Jeffrey M. - 2021
both the statistics and econometrics literatures. It has by now reached a level of maturity that makes it an important tool …
Persistent link: https://www.econbiz.de/10013311950
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Econometric Models of Limit-Order Executions
Lo, Andrew W.; Mackinlay, A. Craig; Zhang, June - 2021
This paper attempts to assess whether money can generate persistent economic" fluctuations in dynamic general equilibrium models of the business cycle. We show that a small" nominal friction in the goods market can make the response of output to monetary shocks large" and persistent if it is...
Persistent link: https://www.econbiz.de/10013248406