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Work after the Age of Fifty: Switzerland in an international Comparison
Luzzi, Giovanni Ferro; Sonnet, Anne - In: CESifo DICE Report 02 (2004) 4, pp. 54-58
Persistent link: https://www.econbiz.de/10011696492
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Assessing bias in the estimation of causal effects: Rosenbaum bounds on matching estimators and instrumental variables estimation with imperfect instruments
DiPrete, Thomas A.; Gangl, Markus - 2004
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
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Causal effects of monetary shocks: semiparametric conditional independence tests with a multinomial propensity score
Angrist, Joshua D.; Kuersteiner, Guido M. - 2008
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
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Bandwidth selection and the estimation of treatment effects with unbalanced data
Galdo, Jose; Smith, Jeffrey A.; Black, Dan - 2007
using matching methods. Because precise estimation of the expected counterfactual is particularly important in regions …
Persistent link: https://www.econbiz.de/10010276772
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Endogenous Wage and Capital Dispersion, On-the-Job Search and the Matching Technology
Galindo-Rueda, Fernando - 2002
provide a framework with microeconomic foundations that give rise to matching frictions, which can be used to understand the … indeed, more frequently used aggregate matching technology. Existing differences turn out to be crucial for the empirical …
Persistent link: https://www.econbiz.de/10010262443
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How much can we trust causal interpretations of fixed-effects estimators in the context of criminality?
Bjerk, David - 2009
Researchers are often interested in estimating the causal effect of some treatment on individual criminality. For example, two recent relatively prominent papers have attempted to estimate the respective direct effects of marriage and gang participation on individual criminal activity. One...
Persistent link: https://www.econbiz.de/10010271337
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Desempleo, desajuste en el mercado laboral („mismatch“) e inflación: un modelo integrativo
Sell, Friedrich L. - 2010
Primero enseñaremos que la (nueva) curva de Phillips diseñada por la escuela del «Nuevo Keynesianismo» se puede transformar fácilmente en una curva de Phillips «clásica». Teniendo en cuenta el «mismatch» en los mercados laborales, como lo describe la curva de Beveridge y combinando...
Persistent link: https://www.econbiz.de/10010300416
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Fiscal calculus in a New Keynesian model with matching frictions
Campolmi, Alessia; Faia, Ester; Winkler, Roland C. - 2010
because of matching frictions. We compare fiscal packages with different targets (pure demand stimuli versus subsidy to cost …
Persistent link: https://www.econbiz.de/10010277245
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Causal inference by independent component analysis with applications to micro- and macroeconomic data
Moneta, Alessio; Entner, Doris; Hoyer, Patrik; Coad, Alex - 2010
Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...
Persistent link: https://www.econbiz.de/10010269741
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Some variables are more worthy than others: New diffusion index evidence on the monitoring of key economic indicators
Armah, Nii Ayi; Swanson, Norman - 2011
Central banks regularly monitor select financial and macroeconomic variables in order to obtain early indication of the impact of monetary policies. This practice is discussed on the Federal Reserve Bank of New York website, for example, where one particular set of macroeconomic indicators is...
Persistent link: https://www.econbiz.de/10010282848