This paper focuses on a performance comparison of semiparametric Tobit estimators. Firstly, a conditional expectation verison of Horowitz's distribution-free least-squares estimator is proposed, together with a short description of the other estimators considered in the later Monte Carlo...

This paper emphasizes the role played by asymmetric stabilization policies in producing the widely reported positive association between the level and variability of inflation. A simple theoretical model is constructed which shows how asymmetric policies give rise to this association. The...

This research examines the properties of an estimation procedure frequently used because observations on some variables are available only at higher levels of aggregation than others. When this occurs, data are often stretched by repeating observations on variables at higher levels of...

School effectiveness is a much-debated question both at an analytical level and as a policy issue. In this paper we used a two-way nested-error components educational production function model to evaluate the relative importance of latent class and school variables in explaining student school...

This paper examines important differences in simulation properties of four leading U.K. macroeconometric models that arise from features of their labor market specification. Econometric evaluation of model equations and their subsequent respecification, together with sensitivity analysis of...

1. Introduction to spatial statistics and data handling -- 1.1. A brief historical background -- 1.2. The principal problem of spatial statistics -- 1.3. Spatial sampling perspectives -- 1.4. Models of spatial autocorrelation -- 1.5. Towards a theory of spatial statistics -- 1.6 References --...

1. Introduction -- 2. Feedback: A Familiar Idea -- I Feedback : A New Framework -- 3. Goals -- 4. Dynamics -- 5. Uncertainty -- II Policy in a Feedback Framework -- 6. Feedback Rules -- 7. Confidence Intervals Again -- 8. Automatic Stabilizers Revisited -- III Limitations -- 9. The Choice of...