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Identification in a Binary Choice Panel Data Model with a Predetermined Covariate
Bonhomme, Stéphane; Dano, Kevin; Graham, Bryan S. - National Bureau of Economic Research - 2023
We study identification in a binary choice panel data model with a single predetermined binary covariate (i.e., a covariate sequentially exogenous conditional on lagged outcomes and covariates). The choice model is indexed by a scalar parameter θ, whereas the distribution of unit-specific...
Persistent link: https://www.econbiz.de/10014247948
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Regularization from Economic Constraints : A New Estimator for Marginal Emissions
Holland, Stephen P.; Mansur, Erin; Verdier, Valentin; … - National Bureau of Economic Research - 2024
Environmental policy is increasingly concerned with measuring emissions resulting from local changes to electricity consumption. These marginal emissions are challenging to measure because electricity grids encompass multiple locations and the information available to identify the effect of each...
Persistent link: https://www.econbiz.de/10014468265
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Causal Models for Longitudinal and Panel Data : A Survey
Arkhangelsky, Dmitry; Imbens, Guido - National Bureau of Economic Research - 2023
This survey discusses the recent causal panel data literature. This recent literature has focused on credibly estimating causal effects of binary interventions in settings with longitudinal data, with an emphasis on practical advice for empirical researchers. It pays particular attention to...
Persistent link: https://www.econbiz.de/10014447263
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The Labor Supply Consequences of Having a Boy in China
Wang, Shing-Yi - 2019
Combining eight years of panel data with an event study approach, we show that rural Chinese women's labor supply falls for one year following the birth of a daughter before returning to their pre-birth levels. The negative impact of the birth of a son on women's labor supply is much larger in...
Persistent link: https://www.econbiz.de/10012480130
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Panel Forecasts of Country-Level Covid-19 Infections
Liu, Laura - 2020
We use dynamic panel data models to generate density forecasts for daily Covid-19 infections for a panel of countries/regions. At the core of our model is a specification that assumes that the growth rate of active infections can be represented by autoregressive fluctuations around a downward...
Persistent link: https://www.econbiz.de/10012481831
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The Price and Quantity of Interest Rate Risk
Carpenter, Jennifer N.; Lu, Fangzhou; Whitelaw, Robert F. - National Bureau of Economic Research - 2021
interpret. We propose a new approach to modeling bond risk and risk premia. For each of the US and China, we reduce the …-variation in the term structure of bond risk premia in both the US and China …
Persistent link: https://www.econbiz.de/10012482660
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Misallocation, Selection and Productivity : A Quantitative Analysis with Panel Data from China
Adamopoulos, Tasso - 2017
We use household-level panel data from China and a quantitative framework to document the extent and consequences of … to land institutions in rural China that disproportionately constrain the more productive farmers. These frictions reduce … aggregate agricultural productivity in China by affecting two key margins: (1) the allocation of resources across farmers …
Persistent link: https://www.econbiz.de/10012455641
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Bargaining over Taxes and Entitlements in the Era of Unequal Growth
Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022
Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
Persistent link: https://www.econbiz.de/10013210072
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Can Deficits Finance Themselves?
Angeletos, Marios; Lian, Chen; Wolf, Christian - National Bureau of Economic Research - 2023
We study how fiscal deficits are financed in environments with two key features: (i) nominal rigidity and (ii) a violation of Ricardian equivalence due to finite lives or liquidity constraints. In such environments, deficits contribute to their own financing via two channels: a boom in real...
Persistent link: https://www.econbiz.de/10014250202
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Running Primary Deficits Forever in a Dynamically Efficient Economy : Feasibility and Optimality
Abel, Andrew B.; Panageas, Stauros - National Bureau of Economic Research - 2022
Government debt can be rolled over forever without primary surpluses in some stochastic economies, including some economies that are dynamically efficient. In an overlapping-generations model with constant growth rate, g, of labor-augmenting productivity, and with shocks to the durability of...
Persistent link: https://www.econbiz.de/10013435116