Search Results - subject:"Instrumental Variables."

Does Economic Diversification Lead to Financial Development? Evidence From topography

Ramcharan, Rodney - International Monetary Fund (IMF) - 2006

An influential theoretical literature has observed that economic diversification can reduce risk and increase financial development. But causality operates in both directions, as a well functioning financial system can enable a society to invest in more productive but risky projects, thereby...

Persistent link: https://www.econbiz.de/10005825840

Mr. Ricardo's Great Adventure; Estimating Fiscal Multipliers in a Truly Intertemporal Model

Sgherri, Silvia; Bayoumi, Tamim - International Monetary Fund (IMF) - 2006

We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of around 20...

Persistent link: https://www.econbiz.de/10005825870

Primary Surplus Behavior and Risks to Fiscal Sustainability in Emerging Market Countries; A "Fan-Chart" Approach

Celasun, Oya; Debrun, Xavier; Ostry, Jonathan David - International Monetary Fund (IMF) - 2006

This paper proposes a probabilistic approach to public debt sustainability analysis (DSA) using "fan charts." These depict the magnitude of risks-upside and downside-surrounding public debt projections as a result of uncertain economic conditions and policies. We propose a simulation algorithm...

Persistent link: https://www.econbiz.de/10005826339

The IMF's Reserves Template and Nominal Exchange Rate Volatility

Gonzalez-Garcia, Jesus; Cady, John - International Monetary Fund (IMF) - 2006

The effects of the adoption of the IMF's International Reserves and Foreign Currency Liquidity Data Template on nominal exchange rate volatility are investigated for 48 countries. Estimation of panel data models indicates that nominal exchange rate volatility decreases following dissemination of...

Persistent link: https://www.econbiz.de/10005826469

Does Public Infrastructure Reduce Private Inventory?

Lai, Richard - Volkswirtschaftliche Fakultät, … - 2006

is in identifying the exogenous component of infrastructure changes. I address that using instrumental variables …

Persistent link: https://www.econbiz.de/10005836348

How Do Unionists Vote? Estimating the Causal Impact of Union Membership on Voting Behaviour from 1966 to 2004

Leigh, Andrew - Research School of Economics, College of Business and … - 2006

I explore the voting patterns of trade union members in Australian elections conducted between 1966 and 2004, and find that on average, 63 percent of trade union members vote for the Australian Labor Party. Despite the fact that union membership declined from around one-half of the workforce in...

Persistent link: https://www.econbiz.de/10005032844

Does Equality Lead to Fraternity?

Leigh, Andrew - Research School of Economics, College of Business and … - 2006

Several cross-country studies have observed a negative correlation between inequality and interpersonal trust. Using data from 59 countries, I instrument for inequality using the relative size of the mature-aged cohort, and find that a rise in inequality reduces trust.

Persistent link: https://www.econbiz.de/10005032865

Assessing the Credibility of Instrumental Variables Inference With Imperfect Instruments Via Sensitivity Analysis

Richard A. Ashley. - Department of Economics, Virginia Polytechnic Institute … - 2006

Consistent instrumental variables (IV) estimation requires instruments uncorrelated with the model errors, but this assumption is … is given to a study by Acemoglu et al. (2001). JEL: C10, C12 Keywords: Instrumental variables, instrument validity, IV … estimation, sensitivity analysis 1 1. Introduction Consistent instrumental variables (IV) estimation requires instruments which …

Persistent link: https://www.econbiz.de/10005704237

An Introduction to Modern Econometrics using Stata

Baum, Christopher - StataCorp LP - 2006

An Introduction to Modern Econometrics Using Stata, by Christopher F. Baum, successfully bridges the gap between learning econometrics and learning how to use Stata. The book presents a contemporary approach to econometrics, emphasizing the role of method-of-moments estimators, hypothesis...

Persistent link: https://www.econbiz.de/10005568777

Mission accomplished: A reply to Reuveny and Keshk

Goenner, Cullen F. - In: Conflict Management and Peace Science 30 (2013) 1, pp. 19-23

Reuveny and Keshk (â€œReconsidering trade and conflict simultaneity: The risk of emphasizing technique over substance,â€ this issue, 2013) argue that the econometric techniques used by Goenner (Conflict Management and Peace Science 28(5): 459â€“477, 2011) to test and control for...

Persistent link: https://www.econbiz.de/10011138372