We illustrate the sensitivity of two-way fixed effects difference-indifferences estimates to innocuous changes in data structure. Using the staggered rollout of state-level bank branching deregulations, three outcome variables are brought to bear on the interventions: personal income growth (a...

This paper explores the aggregate and systematic income risk of formal workers in Argentina, using an extensive longitudinal database that contains information on approximately half a million formal employees in the private sector throughout the country for a span of twenty years (1996-2015). We...

While the world's attention is on dealing with the COVID-19 pandemic, climate change remains a greater existential threat to vulnerable countries that are highly dependent on a weather-sensitive sector like tourism. Using a novel multidimensional index, this study investigates the long-term...

In this paper, we have verified the financial crisis impact on economic growth in France. Referring to the main econometric and statistical tools, we mentioned the existence of Heteroscedasticity problem in the industrial production index, the consumer price index, the money market rate and the...

In this paper, we have verified the financial crisis impact on economic growth in France. Referring to the main econometric and statistical tools, we mentioned the existence of Heteroscedasticity problem in the industrial production index, the consumer price index, the money market rate and the...

This study investigates the extent to which intra-day jumps and co-jumps in cryptocurrency markets stem from the release of macroeconomic news from the U.S., Germany and Japan. Using 5-min frequency prices for Bitcoin and Ethereum quoted against the U.S. dollar over the 2016-2019 period, we find...

This paper analyzes the impact of COVID-19 lockdown measures on children's school resilience. Using an individual fixed-effect linear probability model on Nigeria data, it exploits the quasi-randomness of these measures to estimate their effect on school attendance after the lockdown was lifted....

We analyze the properties of the Synthetic Control (SC) and related estimators when the pre‐treatment fit is imperfect. In this framework, we show that these estimators are generally biased if treatment assignment is correlated with unobserved confounders, even when the number of...

This paper addresses the selection of smoothing parameters for estimating the average treatment effect on the treated using matching methods. Because precise estimation of the expected counterfactual is particularly important in regions containing the mass of the treated units, we define and...

This paper reviews the main identification and estimation strategies for microeconomic policy evaluation. Particular emphasis is laid on evaluating policies consisting of multiple programmes, which is of high relevance in practice. For example, active labour market policies may consist of...