We consider the regression discontinuity (RD) design with categorical outcomes, and exploit the possibility of adapting well-developed microeconometric models to the RD setting. The channels through which the forcing variable affects the potential outcome distributions are constrained to be...

We consider the regression discontinuity (RD) design with the duration outcome which has discrete support. The parameters of policy interest are treatment effects on unconditional (duration effect) and conditional (hazard effect) exiting probabilities for each discrete level. We find that a...

We consider inference based on local estimating equations in the presence of nuisance parameters. The framework is useful for a number of applications including those in economic policy evaluation based on discontinuities or kinks and in real-time financial risk management. We focus on the...

The reaction coefficients in the forecast-based monetary policy reaction function are only weakly identified when the smoothing coefficient for the nominal interest rate is close to unity. This situation also causes the nominal interest rate to be highly persistent. Inference based on the...