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Estimating a time-varying distribution-led regime

Carrillo-Maldonado, Paul; Nikiforos, Michalis - 2022

This paper estimates the distribution-led regime of the US economy for the period 1947-2019. We use a time varying parameter model, which allows for changes in the regime over time. To the best of our knowledge this is the first paper that has attempted to do this. This innovation is important,...

Persistent link: https://www.econbiz.de/10012814160

State-dependent local projections

Gonçalves, Sílvia; Herrera, Ana María; Kilian, Lutz; … - 2023

Persistent link: https://www.econbiz.de/10014311197

On the Estimation of Behavioral Macroeconomic Models via Simulated Maximum Likelihood

Kukacka, Jiri - 2018

optimization problems, and the estimation procedure is applied to empirical data sets. This approach considerably relaxes … restrictive theoretical assumptions and enables a novel estimation of the intensity of choice parameter in discrete choice. In … Monte Carlo simulations, we analyze the properties and behavior of the estimation method, which provides important …

Persistent link: https://www.econbiz.de/10012906702

Estimation of Heuristic Switching in Behavioral Macroeconomic Models

Kukacka, Jiri; Sacht, Stephen - 2021

This paper offers a simulation-based method for the estimation of heuristic switching in nonlinear macroeconomic models …

Persistent link: https://www.econbiz.de/10013238343

A comparison of dynamic panel data estimators : Monte Carlo evidence and an application to the investment function

Behr, Andreas - 2003

estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped …

Persistent link: https://www.econbiz.de/10001751405

A comparison of dynamic panel data estimators : Monte Carlo evidence and an application to the investment function

Behr, Andreas - 2003

estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped …

Persistent link: https://www.econbiz.de/10011431996

Tourism multipliers in Scotland : an econometric estimation

Worrall, Heather - 1992

Persistent link: https://www.econbiz.de/10000137169

Robustness of Econometrically Estimated Local Multipliers Across Different Methods and Data

Van Dijk, Jasper Jacob - 2018

Local traded‐goods employment multiplier estimates play an important role in the decision making of local policy makers … local employment multiplier estimates by Moretti (AER; 2010) are a good benchmark for departure. In this paper, I find the … traded‐goods multiplier falls within the range of 1.17 to 1.93, which is substantially lower than the estimate of 2 …

Persistent link: https://www.econbiz.de/10014115653

Testing regression monotonicity in econometric models

Chetverikov, Denis - 2012

Monotonicity is a key qualitative prediction of a wide array of economic models derived via robust comparative statics. It is therefore important to design effective and practical econometric methods for testing this prediction in empirical analysis. This paper develops a general nonparametric...

Persistent link: https://www.econbiz.de/10009667989

Money-multiplier shocks

Benati, Luca; Ireland, Peter N. - 2017

Persistent link: https://www.econbiz.de/10011712889