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Monitoring multicountry macroeconomic risk
Korobilis, Dimitris; Schröder, Maximilian - 2023
We propose a multicountry quantile factor augmeneted vector autoregression (QFAVAR) to model heterogeneities both across countries and across characteristics of the distributions of macroeconomic time series. The presence of quantile factors allows for summarizing these two heterogeneities in a...
Persistent link: https://www.econbiz.de/10014314068
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Estimating HANK for central banks
Acharya, Sushant; Chen, William; Del Negro, Marco; … - 2023
We provide a toolkit for efficient online estimation of heterogeneous agent (HA) New Keynesian (NK) models based on Sequential Monte Carlo methods. We use this toolkit to compare the out-of-sample forecasting accuracy of a prominent HANK model, Bayer et al. (2022), to that of the representative...
Persistent link: https://www.econbiz.de/10014333331
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The impact of peer personality on academic achievement
Golsteyn, Bart H. H.; Non, Jan Adrianus; Zölitz, Ulf - 2017
This paper provides evidence of a novel facet of peer effects by showing how peer personality affects educational … persistence of their peers. The personality peer effects that we document are distinct from other observable peer characteristics … and suggest that the personality traits of peers causally affect human capital accumulation. …
Persistent link: https://www.econbiz.de/10011752330
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Peers affect personality development
Shan, Xiaoque; Zölitz, Ulf - 2022
Do the people around us influence our personality? To answer this question, we conduct an experiment with 543 … of peers' extraversion, agreeableness, or neuroticism. To explain these results, we propose a simple model of personality … development under the influence of peers. Consistent with the model's prediction, personality spillovers are concentrated in …
Persistent link: https://www.econbiz.de/10013186792
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Peers affect personality development
Shan, Xiaoyue; Zölitz, Ulf - 2022
Do the people around us influence our personality? To answer this question, we conduct an experiment with 543 … personality development under the influence of peers. Consistent with the model - prediction, personality spillovers are … concentrated in traits predictive of performance. Students adopt personality traits that are productive in the university context …
Persistent link: https://www.econbiz.de/10013187857
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Peers affect personality development
Shan, Xiaoyue; Zölitz, Ulf - 2022
Persistent link: https://www.econbiz.de/10013186198
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Examining the structure of spatial health effects in Germany using Hierarchical Bayes Models
Eibich, Peter; Ziebarth, Nicolas R. - In: Regional Science and Urban Economics 49 (2014) C, pp. 305-320
This paper uses Hierarchical Bayes Models to model and estimate spatial health effects in Germany. We combine rich individual-level household panel data from the German SOEP with administrative county-level data to estimate spatial county-level health dependencies. As dependent variable we use...
Persistent link: https://www.econbiz.de/10011117437
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Examining the Structure of Spatial Health Effects in Germany Using Hierarchical Bayes Models
Eibich, Peter; Ziebarth, Nicolas - In: EconStor Open Access Articles (2014-11), pp. 305-320
This paper uses Hierarchical Bayes Models to model and estimate spatial health effects in Germany. We combine rich individual-level household panel data from the German SOEP with administrative county-level data to estimate spatial county-level health dependencies. As dependent variable we use...
Persistent link: https://www.econbiz.de/10011161210
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Examining the Structure of Spatial Health Effects in Germany Using Hierarchical Bayes Models
Eibich, Peter; Ziebarth, Nicolas R. - Forschungsbasierte Infrastruktureinrichtung … - 2013
This paper uses Hierarchical Bayes Models to model and estimate spatial health effects in Germany. We combine rich individual-level household panel data from the German SOEP with administrative county-level data to estimate spatial county-level health dependencies. As dependent variable we use...
Persistent link: https://www.econbiz.de/10010896253
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A Stochastic Frontier Model for Discrete Ordinal Outcomes: A Health Production Function
Griffiths, William; Zhang, Xiaohui; Zhao, Xueyan - Department of Econometrics and Business Statistics, … - 2010
The stochastic frontier model used for continuous dependent variables is extended to accommodate output measured as a discrete ordinal outcome variable. Conditional on the inefficiency error, the assumptions of the ordered probit model are adopted for the log of output. Bayesian estimation...
Persistent link: https://www.econbiz.de/10008599216