The present paper deals with whether the death penalty deters murderers from committing capital crimes. It examines this matter on the basis of those empirical investigations conducted in the last two decades by, primarily, American economists and criminologists. These analyses presented in my...

Time-varying parameter (TVP) models are very flexible in capturing gradual changes in the effect of explanatory variables on the outcome variable. However, in particular when the number of explanatory variables is large, there is a known risk of overfitting and poor predictive performance, since...

Time-varying parameter (TVP) models are very flexible in capturing gradual changes in the effect of explanatory variables on the outcome variable. However, in particular when the number of explanatory variables is large, there is a known risk of overfitting and poor predictive performance, since...