In 2011, the Annual Report of the Editor of the American Economic Review reported that the journal's data-code archive was functioning well, and made no changes in the archive rules. This was based on an audit of the archive that the editor has commissioned. The audit was performed by a graduate...

In 2011, the Annual Report of the Editor of the American Economic Review reported that the journal's data-code archive was functioning well, and no changes were made to the archive rules. This was based on an audit of the archive that the Editor had commissioned. In point of fact, all was not...

This paper challenges two clichés that have dominated the macroeconometric debates in India. One relates to the neoclassical view that deficits are detrimental to growth, as they increase the rate of interest, and in turn displace the interest-rate-sensitive components of private investment....

Origin-destination demand, trip patterns, pricing and transport networks alone cannot explain passenger demand for public transport modes. Other factors of convenience and service quality play a key role in influencing demand and mode choice but they are often more complex and harder to define,...

Many organizations in the developing world (e.g., NGOs), include digital data collection in their workflow. Data collected can include information that may be considered sensitive, such as medical or socioeconomic data, and which could be affected by computer security attacks or unintentional...

Quantitative researchers often use Student's t-test (and its p-values) to claim that a particular regressor is important (statistically significantly) for explaining the variation in a response variable. A study is subject to the p-hacking problem when its author relies too much on formal...

This note introduces the concept of the replication paradigm, a framework that can (and should) be followed in every replication attempt. The paradigm expands, in part, on Bruce McCullough's well-known paraphrase of Berkeley computer scientist Jon Claerbout's insight - "An applied economics...

This paper investigates whether investors are compensated for taking on commonality risk in equity portfolios. A large literature documents the existence and the causes of commonality in illiquidity, but the implications for investors are less well understood. In a more than fifty year long...

We develop the principal component analysis (PCA) approach to systematic liquidity measurement by introducing moving and expanding estimation windows. We evaluatethese methods along with traditional estimation techniques (full sample PCA and market average) in terms of ability to explain (1)...

This paper investigates whether investors are compensated for taking on commonality risk in equity portfolios. A large literature documents the existence and the causes of commonality in illiquidity, but the implications for investors are less understood. We find a return premium for commonality...