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Beyond Random Assignment : Credible Inference of Causal Effects in Dynamic Economies

Hennessy, Chris - 2015

Random assignment is insufficient for measured treatment responses to recover causal effects (comparative statics) in dynamic economies. We characterize analytically bias probabilities and magnitudes. If the policy variable is binary there is attenuation bias. With more than two policy states,...

Persistent link: https://www.econbiz.de/10013027267

Kredit und Vertrauen : zum Vertrauen des Kreditgebers in das Kreditnehmerverhalten

Holst, Jonny - 1996

Persistent link: https://www.econbiz.de/10012939311

Ideology and monetary policy : the role of political parties' stances in the ECB's parliamentary hearings

Fraccaroli, Nicolò; Giovannini, Alessandro; Jamet, … - 2022

We investigate whether ideology drives the sentiments of parliamentarians when they speak to the central bank they hold accountable. To this end, we collect textual data on the quarterly hearings of the ECB President before the European Parliament from 1999 to 2019. We apply sentiment analysis...

Persistent link: https://www.econbiz.de/10012939688

Are Entry Threats Always Credible?

Dasgupta, Utteeyo - 2018

and completely reversible. In the experiment, entrants and incumbents tacitly collude when each has its own monopoly …, forcing the incumbent monopolist to price at average cost. The experiment results suggest that the usefulness of hit …

Persistent link: https://www.econbiz.de/10012940305

Detection of Implicit Fluctuation Bands and Their Credibility in Candidate Countries

Sosvilla-Rivero, Simon - 2015

different methods to study the credibility of the detected fluctuation bands. The detected lack of credibility in a high …

Persistent link: https://www.econbiz.de/10013022510

Credible Sources and Sophisticated Voters : When Does New Information Induce Economic Voting?

Alt, James E. - 2014

, the credibility of information sources can vary significantly. This paper randomly varies whether voters receive an … aggregate unemployment forecast from the central bank, government or main opposition party using a survey experiment in Denmark … differences in institutional credibility and the political cost of the signal, and update their unemployment expectations …

Persistent link: https://www.econbiz.de/10013047907

The Autocratic Welfare State Resource Distribution, Credible Commitments and Political Survival

Knutsen, Carl Henrik - 2014

We investigate the adoption and characteristics of social welfare policies in autocracies. If one considers social policies merely as a tool for progressive redistribution to those in need, one might not expect autocratic regimes to spend resources on them. Empirically, however, several...

Persistent link: https://www.econbiz.de/10013048910

Reputation and Liquidity Traps

Nakata, Taisuke - 2014

Can the central bank credibly commit to keeping the nominal interest rate low for an extended period of time in the aftermath of a deep recession? By analyzing credible plans in a sticky-price economy with occasionally binding zero lower bound constraints, I find that the answer is yes if...

Persistent link: https://www.econbiz.de/10013050097

Does monetary policy credibility mitigate the effects of uncertainty about exchange rate on uncertainties about both inflation and interest rate?

Montes, Gabriel Caldas; Ferreira, Caio Ferrari - In: International economics and economic policy : IEEP 16 (2019) 4, pp. 649-678

Persistent link: https://www.econbiz.de/10012256787

Credibility of inflation targeting : some recent Asian evidence

Sethi, Dinabandhu; Acharya, Debashis - In: Economic change and restructuring : empirical and … 52 (2019) 3, pp. 203-219

Persistent link: https://www.econbiz.de/10012258943