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We study what happens to identified shocks and to dynamic responses when the data generating process features q disturbances but less than q variables are used in the empirical model. Identified shocks are mongrels: they are linear combinations of current and past values of all structural...
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levels. The outline of the paper is as follows. First, we combine a set of noise and air pollutants measured at a number of …
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In October 2003, a new flight regime was introduced at Zurich airport that significantly changed the levels of noise … characteristics. The noise discount is still significant, although smaller, even after the inclusion of object-speciffc fixed effects … noise ; hedonic approach ; non-linear difference-in-differences ; policy evaluation …
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