We review how the ideological polarization of members of the House of Representatives (elite polarization) is affected by: ● sorting of parties’ incumbents into more ideologically compatible districts, ● replacement of incumbents by more ideologically extreme successors, ● the drawing of...

Factor models are standards in investment management. For decades, Barra factor models have provided valuable risk forecasts and inputs for the portfolio construction process. Most uses of factor models have targeted longer horizons of months or years. However, we demonstrate in this paper that...

The classical approach to testing for structural change employs retrospective tests using a historical data set of a given length. Here we consider a wide array of fluctuation-type tests in a monitoring situation – given a history period for which a regression relationship is known to be...