Showing 1 - 10 of 55
root-mean-square statistics for target errors. Different models give different answers to questions about the effects of …
Persistent link: https://www.econbiz.de/10012471390
economic policy analyses. We illustrate the versatility and capabilities of the econometric framework using causal models that …
Persistent link: https://www.econbiz.de/10012938756
We study the selection of Fellows of the Econometric Society, using a new data set of publications and citations for over 40,000 actively publishing economists since the early 1900s. Conditional on achievement, we document a large negative gap in the probability that women were selected as...
Persistent link: https://www.econbiz.de/10012585426
empirical models of demand and supply in differentiated products industries with an emphasis on the key ideas arising from the … differentiated products, and focus on discrete choice characteristics-based demand models that address these challenges while …
Persistent link: https://www.econbiz.de/10012629477
This paper shows how to calculate consistent marginal effects on the original scale of the outcome variable in Stata after estimating a linear regression with a dependent variable that has been transformed by the inverse hyperbolic sine function. The method uses a nonparametric retransformation...
Persistent link: https://www.econbiz.de/10013191092
Formal analysis plans limit false discoveries by registering and multiplicity adjusting statistical tests. As each registered test reduces power on other tests, researchers prune hypotheses based on prior knowledge, often by combining related indicators into evenly-weighted indices. We propose...
Persistent link: https://www.econbiz.de/10013172142
This paper tests the joint hypothesis of rational expectations and the expectations model of the term structure for three- and six-month Treasury bills. Previous studies are extended in three directions. First, common efficient markets-rational expectations tests are compared, and it is shown...
Persistent link: https://www.econbiz.de/10012478242
A heated debate has arisen over what Modigliani has dubbed the Macro Rational Expections (MRE) hypothesis. This hypothesis embodies two component hypotheses: 1) rational expectations and 2) short-run neutrality -- i.e., that anticipated changes in aggregate demand will have already been taken...
Persistent link: https://www.econbiz.de/10012478324
algorithms but about any process that produces simple models, and as such they connect to the psychology of stereotypes and to an …
Persistent link: https://www.econbiz.de/10012479803
formal, structural models. These structural models seem particularly valuable when analyzing land use and transportation …
Persistent link: https://www.econbiz.de/10012480334