) bilateral exports to the United States. The patterns in the data are consistent with the theory. The mean and the variance of …

the perspective of economic theory as well as from the perspective of the historical experiences of the countries under … model specification. Model uncertainty consists of two types: theory uncertainty, which relates to which growth determinants … draws from the same statistical model. We propose ways to account for both theory and heterogeneity uncertainty. Finally …

Consider an economy in which agents face income risk but interact in a stochastic financial network where the … linked often, but are more likely to be linked when (i) the realized network is fragmented, (ii) income risk is high, (iii …) shocks are positively correlated, (iv) attitudes toward risk are more sensitive in the aggregate, and (v) there are tail …

option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …

nonparametric estimation (e.g. Imbens et al. (2012) and Calonico et al. (2014)) are sometimes interpreted by practitioners as … pointing to a default estimation procedure, we show that in any given application different procedures may perform better or …