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ESTIMATION OF CENSORED PANEL-DATA MODELS WITH SLOPE HETEROGENEITY (replicatio...
This paper considers estimation of censored panel-data models with individual-specific slope heterogeneity. The slope heterogeneity may be random (random slopes model) or... -
EFFICIENT AGGREGATION OF PANEL QUALITATIVE SURVEY DATA (replication data)
Qualitative business survey data are used widely to provide indicators of economic activity ahead of the publication of official data. Traditional indicators exploit only... -
Categorical semiparametric varying-coefficient models (replication data)
Semiparametric varying-coefficient models have become a common fixture in applied data analysis. Existing approaches, however, presume that those variables affecting the... -
THE RESPONSES OF YOUTH TO A CASH TRANSFER CONDITIONAL ON SCHOOLING: A QUASI-E...
We estimate the effect of cash transfers given to youth conditional on high school attendance on the labor supply decisions and academic performance of youth. We exploit... -
EUCLIDEAN REVEALED PREFERENCES: TESTING THE SPATIAL VOTING MODEL (replication...
In the spatial model of voting, voters choose the candidate closest to them in the ideological space. Recent work by Degan and Merlo in 2009 shows that it is falsifiable on the... -
MEDICAL EXPENDITURE RISK AND HOUSEHOLD PORTFOLIO CHOICE (replication data)
Medical expenses are an increasingly important contributor to household financial risk. We examine the effect of medical expenditure risk on the willingness of Medicare... -
SPATIAL COMPETITION WITH CHANGING MARKET INSTITUTIONS (replication data)
Competition across space can be fundamentally altered by changes in market institutions. We propose a framework that integrates market-altering policy changes in the spatial... -
SPATIAL FILTERING, MODEL UNCERTAINTY AND THE SPEED OF INCOME CONVERGENCE IN E...
In this paper we put forward a Bayesian model averaging method aimed at performing inference under model uncertainty in the presence of potential spatial autocorrelation. The... -
BENEFIT DURATION, UNEMPLOYMENT DURATION AND JOB MATCH QUALITY: A REGRESSION-D...
We use a sharp discontinuity in the maximum duration of benefit entitlement to identify the effect of extended benefit duration on unemployment duration and post-unemployment... -
ENTRY INTO PHARMACEUTICAL SUBMARKETS: A BAYESIAN PANEL PROBIT ANALYSIS (repli...
We study entry into pharmaceutical submarkets by using a dynamic panel probit model. We develop a Bayesian version of Wooldridge's approach to dealing with unobserved... -
The political economy of financial reform: How robust are huang's findings? (...
Using new data on financial liberalization taken from Abiad et al. (2008, IMF Working Papers, No. 08/266) for 62 countries over the period 1975-2005, we show that some of the... -
Optimal monetary policy using an unrestricted VAR (replication data)
This paper proposes a simple benchmark for monetary policy. Assuming the true model of the economy is unknown, it is based on an unrestricted vector autoregression (VAR). The... -
A simple, flexible estimator for count and other ordered discrete data (repli...
This paper examines a flexible way to model empirically discrete data outcomes using hazard rate decompositions. It presents a general data-generating mechanism based on... -
Term structure surprises: the predictive content of curvature, level, and slo...
This paper analyzes the predictive content of the term structure components level, slope, and curvature within a dynamic factor model of macroeconomic and interest rate data.... -
Lose weight for a raise only if overweight: Marginal integration for semi-lin...
Some studies have shown that body mass index (BMI), weight (kg)/height (m)2, has a negative (or no) effect on wage. But BMI representing obesity is a tightly specified function... -
A blocking and regularization approach to high-dimensional realized covarianc...
We introduce a blocking and regularization approach to estimate high-dimensional covariances using high-frequency data. Assets are first grouped according to liquidity. Using... -
Probabilistic forecasting of output growth, inflation and the balance of trad...
We apply a global vector autoregressive (GVAR) model to the analysis of inflation, output growth and global imbalances among a group of 33 countries (26 regions). We account for... -
The impact of data revisions on the robustness of growth determinants-a note ...
Ciccone and Jaroci-ski (American Economic Journal: Macroeconomics 2010; 2: 222-246) show that inference in Bayesian model averaging (BMA) can be highly sensitive to small data... -
An identification-robust test for time-varying parameters in the dynamics of ...
We test for the presence of time-varying parameters (TVP) in the long-run dynamics of energy prices for oil, natural gas and coal, within a standard class of mean-reverting... -
Biases in approximating log production (replication data)
Most empirical work in economic growth assumes either a Cobb-Douglas production function expressed in logs or a log-approximated constant elasticity of substitution...
