Showing 1 - 10 of 518
the same time. The core idea is to track outcome paths in terms of stages rather than time, where a stage of a regional … stages where a stage-leading region provides the no-policy counterfactual path for non-leading regions that are subject to … applications, and show that it captures heterogeneous policy effects across stages. …
Persistent link: https://www.econbiz.de/10014469587
the same time. The core idea is to track outcome paths in terms of stages rather than time, where a stage of a regional … stages where a stage-leading region provides the no-policy counterfactual path for non-leading regions that are subject to … applications, and show that it captures heterogeneous policy effects across stages. …
Persistent link: https://www.econbiz.de/10014420754
approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization … the stage of the epidemic at the time of policy implementation. This variation delivers clean identification of the policy … policy intervention. Its effectiveness evolves with the epidemic and is larger when implemented at earlier stages. …
Persistent link: https://www.econbiz.de/10012313802
approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization … the stage of the epidemic at the time of policy implementation. This variation delivers clean identification of the policy … policy intervention. Its effectiveness evolves with the epidemic and is larger when implemented at earlier stages. …
Persistent link: https://www.econbiz.de/10012315249
This paper examines real wage effects of monetary policy in Japan, particularly during the past two decades of monetary easing. The literature generally attributes real wage trends to structural factors that influence the nominal wage components, such as the disappearance of downward nominal...
Persistent link: https://www.econbiz.de/10011819703
Municipal (muni) bonds are an important source of funding for state and local governments. During the Covid-19 pandemic, muni debt markets became severely distressed. In response, the Federal Reserve established the Municipal Liquidity Facility (MLF). Meanwhile, Congress enacted extensive fiscal...
Persistent link: https://www.econbiz.de/10012888648
This paper describes the results of a systematic review of the literature of policy effects on fertility after 1970 in Europe, USA, Canada and Australia. Empirical studies were selected through extensive systematic searches, with subsequent literature list screening. Inclusion was conditional on...
Persistent link: https://www.econbiz.de/10012801070
Applied researchers often need to estimate confidence intervals for functions of parameters, such as the effects of counterfactual policy changes. If the function is continuously differentiable and has non-zero and bounded derivatives, then they can use the delta method. However, if the function...
Persistent link: https://www.econbiz.de/10010318679
In light of the declining pension coverage of low-income workers, policy makers have discussed requiring all employers to offer individual retirement accounts, similar to defined contribution plans. How likely to participate are workers who currently do not have access to a pension plan? We...
Persistent link: https://www.econbiz.de/10010319447
The delta method is commonly used to calculate confidence intervals of functions of estimated parameters that are differentiable with non-zero, bounded derivatives. When the delta method is inappropriate, researchers usually first use a bootstrap procedure where they i) repeatedly take a draw...
Persistent link: https://www.econbiz.de/10010285997