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How Frequent are Small Price Changes?
Eichenbaum, Martin - 2012
due to measurement error. We conclude that the evidence on the prevalence of small price changes is much too weak to be …
Persistent link: https://www.econbiz.de/10013108251
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Surprising Comparative Properties of Monetary Models : Results from a New Data Base
Taylor, John B. - 2010
In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new data base of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...
Persistent link: https://www.econbiz.de/10012757616
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Evaluating Rubin'S Causal Model for Measuring the Capitalization of Environmental Amenities
Klaiber, H. Allen; Smith, V. Kerry - 2021
rely on housing price capitalization. It is a computational analog to Chetty's [2009] call for considering the measurement …
Persistent link: https://www.econbiz.de/10013227908
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Valuing Incremental Highway Capacity in a Network
Klaiber, H. Allen - 2010
The importance of increments to an existing highway system depends upon their contributions to the accessibility provided by the existing network. Nearly 40 years ago, Mohring [1965] suggested this logic for planning optimal highway investment programs. He argued it could be implemented by...
Persistent link: https://www.econbiz.de/10013143462
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The Life Cycle of Scholars and Papers in Economics -- the "Citation Death Tax"
Aizenman, Joshua - 2008
The information content of academic citations is subject to debate. This paper views premature death as a tragic quot;natural experiment,quot; outlining a methodology identifying the quot;citation death taxquot; -- the impact of death of productive economists on the patterns of their citations....
Persistent link: https://www.econbiz.de/10012772315
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The Same Yet Different : Worker Reports on Labour Practices and Outcomes in a Single Firm Across Countries
Freeman, Richard B. - 2010
This paper examines cross-country differences in labour policies and practices and employee performance and attitudes toward work from a sample of nearly 30,000 employees in a large multinational manufacturing firm. The analysis shows: 1) large establishment and country differences in work...
Persistent link: https://www.econbiz.de/10012759954
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Newer Need Not Be Better : Evaluating the Penn World Tables and the World Development Indicators Using Nighttime Lights
Pinkovskiy, Maxim - 2016
Nighttime lights data are a measure of economic activity whose error is plausibly independent of the measurement errors … Penn World Tables and of the World Development Indicators better estimate true income per capita. We find that revisions of …-price series in both PWT 8.0 and PWT 8.1, the two most recent vintages of the PWT. We additionally find that the World Development …
Persistent link: https://www.econbiz.de/10012992665
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The Value of a Statistical Life : A Critical Review of Market Estimates Throughout the World
Viscusi, W. Kip; Aldy, Joseph E. - 2021
A substantial literature over the past thirty years has evaluated tradeoffs between money and fatality risks. These values in turn serve as estimates of the value of a statistical life. This article reviews more than 60 studies of mortality risk premiums from ten countries and approximately 40...
Persistent link: https://www.econbiz.de/10013224918
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The Failure of Input-Based Schooling Policies
Hanushek, Eric A. - 2021
In an effort to improve the quality of schools, governments around the world have dramatically increased the resources …
Persistent link: https://www.econbiz.de/10013240304
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External Adjustment, Global Imbalances and Valuation Effects
Gourinchas, Pierre-Olivier - 2013
We provide an overview of the recent developments of the literature on the determinants of long term capital flows, global imbalances and valuation effects. We present the main stylized facts of the new international financial landscape in which external balance sheets of countries have grown in...
Persistent link: https://www.econbiz.de/10013078857