We propose a new specification test for assessing the validity of fuzzy regression discontinuity designs (FRD‐validity). We derive a new set of testable implications, characterized by a set of inequality restrictions on the joint distribution of observed outcomes and treatment status at the...

We compute confidence intervals for recursive impact factors, that take into account that some citations are more prestigious than others, as well as for the associated ranks of journals, applying the methods to the population of economics journals. The Quarterly Journal of Economics is clearly...

This paper considers bootstrap inference in model averaging for predictive regressions. We firstshow that a naïve bootstrap approach, which consists of stacking all residuals at time t into a vector, and then resampling these cross-sectional vectors of residuals over time is invalid in the...

Advocates for education reforms frequently call for policies to increase school efficiency performance. The Greek educational system has undergone several reforms while the recent financial crisis alters significantly. Using a unique dataset this study attempts to shed light on 643 Greek...