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Propensity score matching provides an estimate of the effect of a 'treatment' variable on an outcome variable that is … largely free of bias arising from an association between treatment status and observable variables. However, matching methods … undermine the conclusions about causal effects from a matching analysis. Instrumental variables (IV) estimation provides an …
Persistent link: https://www.econbiz.de/10010304029
Macroeconomists have long been concerned with the causal effects of monetary policy. When the identification of causal effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes and policy changes. This paper develops a...
Persistent link: https://www.econbiz.de/10010270625
using matching methods. Because precise estimation of the expected counterfactual is particularly important in regions …
Persistent link: https://www.econbiz.de/10010276772
linear matching based on the estimated propensity score to estimate the average treatment effect on the treated of SPST …
Persistent link: https://www.econbiz.de/10010267544
occur at any point in time. By relating the standard matching approach to the timing-of-events approach, it demonstrates … duration. The contamination of the standard matching estimator due to later entries into treatment is large if the treatment …
Persistent link: https://www.econbiz.de/10010273915
occur at any point in time. By relating the standard matching approach to the timing-of-events approach, it demonstrates … duration. The contamination of the standard matching estimator due to later entries into treatment is large if the treatment …
Persistent link: https://www.econbiz.de/10010277325
the set-up of the promotion of self-employment. A statistical matching approach is used to control for selectivity and is …
Persistent link: https://www.econbiz.de/10010286656
We extend the standard evaluation framework to allow for interactions between individuals within segmented markets. An individual's outcome depends not only on the assigned treatment status but also on (features of) the distribution of treatments in his market. To evaluate how the distribution...
Persistent link: https://www.econbiz.de/10010273977
We extend the standard evaluation framework to allow for interactions between individuals within segmented markets. An individual's outcome depends not only on the assigned treatment status but also on (features of) the distribution of the assigned treatments in his market. To evaluate how the...
Persistent link: https://www.econbiz.de/10010277334
The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks? and on the borrowers? balance sheets. Subsequently we estimate aggregate credit supply and demand...
Persistent link: https://www.econbiz.de/10010297503