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Instrumental Variables and Causal Mechanisms : Unpacking The Effect of Trade on Workers and Voters

Dippel, Christian - 2017

Instrumental variables (IV) are a common means to identify treatment effects. But standard IV methods do not allow us to unpack the complex treatment effects that arise when a treatment and its outcome together cause a second outcome of interest. For example, IV methods have been used to show...

Persistent link: https://www.econbiz.de/10012455472

Building Bridges Between Structural and Program Evaluation Approaches to Evaluating Policy

Heckman, James J. - 2010

This paper compares the structural approach to economic policy analysis with the program evaluation approach. It offers …

Persistent link: https://www.econbiz.de/10012462546

Surprising Comparative Properties of Monetary Models : Results from a New Data Base

Taylor, John B. - 2009

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/10012463799

Instruments of development : Randomization in the tropics, and the search for the elusive keys to economic development

Deaton, Angus S. - 2009

randomized controlled trials (RCTs) to accumulate credible knowledge of what works, without over-reliance on questionable theory …-based evaluation of projects is unlikely to lead to scientific progress in the understanding of economic development. I welcome recent … trends in development experimentation away from the evaluation of projects and towards the evaluation of theoretical …

Persistent link: https://www.econbiz.de/10012463957

New Keynesian Models : Not Yet Useful for Policy Analysis

Chari, V.V. - 2008

Macroeconomists have largely converged on method, model design, reduced-form shocks, and principles of policy advice. Our main disagreements today are about implementing the methodology. Some think New Keynesian models are ready to be used for quarter-to-quarter quantitative policy advice; we do...

Persistent link: https://www.econbiz.de/10012464338

Will Monetary Policy Become More of a Science?

Mishkin, Frederic S. - 2007

This paper reviews the progress that the science of monetary policy has made over recent decades. This progress has significantly expanded the degree to which the practice of monetary policy reflects the application of a core set of "scientific principles". However, there remains, and will...

Persistent link: https://www.econbiz.de/10012465081

On the Estimation of Treatment Effects with Endogenous Misreporting

Nguimkeu, Pierre - 2017

Participation in social programs is often misreported in survey data, complicating the estimation of the effects of those programs. In this paper, we propose a model to estimate treatment effects under endogenous participation and endogenous misreporting. We show that failure to account for...

Persistent link: https://www.econbiz.de/10012453596

Recent Developments in the Econometrics of Program Evaluation

Imbens, Guido M. - 2008

Many empirical questions in economics and other social sciences depend on causal effects of programs or policiy interventions. In the last two decades much research has been done on the econometric and statistical analysis of the effects of such programs or treatments. This recent theoretical...

Persistent link: https://www.econbiz.de/10012464396

Can Variation in Subgroups' Average Treatment Effects Explain Treatment Effect Heterogeneity? Evidence from a Social Experiment

Bitler, Marianne P. - 2014

's effects are consistent with central predictions of basic labor supply theory …

Persistent link: https://www.econbiz.de/10012458522

Bounds on Treatment Effects in Regression Discontinuity Designs with a Manipulated Running Variable

Gerard, François - 2016

The key assumption in regression discontinuity analysis is that the distribution of potential outcomes varies smoothly with the running variable around the cutoff. In many empirical contexts, however, this assumption is not credible; and the running variable is said to be manipulated in this...

Persistent link: https://www.econbiz.de/10012455788

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