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proposed by Papke and Wooldridge, 1996, 2008, in univariate cross-sectional and panel contexts. The paper discusses the …
Persistent link: https://www.econbiz.de/10013138354
without a degrees of freedom adjustment), applied to the fixed effects estimator for panel data with serially uncorrelated … (with or without a degrees of freedom adjustment), applied to the fixed effects estimator for panel data with serially …
Persistent link: https://www.econbiz.de/10012761285
Persistent link: https://www.econbiz.de/10013025788
We consider a linear panel event-study design in which unobserved confounds may be related both to the outcome and to …
Persistent link: https://www.econbiz.de/10012920350
Consider a bipartite network where N consumers choose to buy or not to buy M different products. This paper considers the properties of the logit fit of the N ×M array of “i-buys-j” purchase decisions, Y = [Yij ]1≤i≤N,1≤j≤M, onto a vector of known functions of consumer and product...
Persistent link: https://www.econbiz.de/10014091899
Yes, it did. We use exogenous variation in banks' incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams...
Persistent link: https://www.econbiz.de/10013096848
. We formulate a model of credit supply as the flip side of a credit risk model where a large stock of non-core liabilities … evidence in a panel probit study of emerging and developing economies …
Persistent link: https://www.econbiz.de/10013100127
The availability of credit varies over the business cycle through shifts in the leverage of financial intermediaries …
Persistent link: https://www.econbiz.de/10013083803
estimating heterogeneous MPBs and MPLs in the U.S. credit card market. Using panel data on 8.5 million credit cards and 743 …We propose a new approach to studying the pass-through of credit expansion policies that focuses on frictions, such as … credit limit regression discontinuities, we find that the MPB is declining in credit score, falling from 59% for consumers …
Persistent link: https://www.econbiz.de/10013015102
We model the widespread failure of contracts to share risk using available indices. A borrower and lender can share risk by conditioning repayments on an index. The lender has private information about the ability of this index to measure the true state that the borrower would like to hedge. The...
Persistent link: https://www.econbiz.de/10012894992