Asset price inflation presents central banks with a puzzle. I examine the case of Germany, 1925-7, when the Reichsbank …

in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education … findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking … we show smoking reflects family background and using it as an instrument exacerbates ability bias. …

distribution of VAR impulse response estimators is undermined by the estimator’s bias. A natural conjecture is that impulse … estimators tend to have both higher bias and higher variance, resulting in pointwise impulse response confidence intervals that …

choices are private information. It is optimal for the organization to `bias' the second contest in favor of the early winner …

illustrates the tight link between parameter identification and the scope for bias that is generated by the autocoherence …

alternatives and more economically plausible. We discuss implications of our analysis for the estimation of economic models of …

The Beveridge-Nelson (BN) technique provides a forecast-based method of decomposing a variable such as output, into …