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This article applies modern Bayesian roll call analysis to estimate legislators' support for minority-favored policies …, and to determine the likely impact of competing redistricting plans on the substantive representation of minority … advancing minority policy concerns and motivates our estimation techniques. We then apply this methodology to the redistricting …
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We conduct a Monte Carlo experiment using an ad-hoc New Keynesian model and a tractable agent-based model to generate artificial credit cycle episodes. We show that fluctuations in the implicit measures of the natural rate of interest obtained using a conventional trivariate Kalman filter on...
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In this work we study the granular origins of business cycles and their possible underlying drivers. As shown by Gabaix (2011), the skewed nature of firm size distributions implies that idiosyncratic (and independent) firm-level shocks may account for a significant portion of aggregate...
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