We propose a methodology to construct tests for the null hypothesis that the pricing errors of a panel of asset returns are jointly equal to zero in a linear factor asset pric- ing model - that is, the null of "zero alpha". We consider, as a leading example, a model with observable, tradable...

According to the IMF, the current public debt makes up nearly 40 percent of the global debt, marking the highest share since the mid-1960s. Despite the vast research on alarming levels of sovereign default, the literature remains inconclusive. This paper investigates macroeconomic, financial,...

This paper by Blueprint Director Joshua Angrist, Alberto Abadie, Brigham Frandsen, and Jörn-Steffen Pischke surveys econometric innovations related to differences-in-differences estimators and to event-study models with time-varying treatment effects. The researchers discussion highlights...

Which poverty context matters for long-term outcomes-family or community, economic or social? We construct a measure of poverty along these dimensions and analyze individual-level longitudinal data spanning 21 years in Indonesia to examine the long-term outcomes associated with different types...

This study examines the systemic operational risk in Morocco's banking sector using a Panel VAR model based on data from three banks over ten years. The model includes real GDP, interbank rate (TMP), and bank credit, alongside indicators of operational, credit, and liquidity risks. The Impulse...

Using longitudinal data from the Gallup Panel covering more than 30,000 U.S. employees surveyed from 2023 to 2025, I document heterogeneous adoption of generative AI and its "organizational transmission" within firms. First, I show that the share of active (occasional) AI users grew from 9% to...

We develop a model to estimate price-adjustment behavior when prices are observed more frequently than key explanatory variables such as wage costs. We propose a mixed-frequency stochastic (S, s)-model that accommodates infrequently observed costs and allows for plant-, product-, and...

The occupational panel for Germany provides a comprehensive database for studying the development of occupations over time. It is based on the IAB Employment History (BeH), which contains all social security notifications that employers have to submit for their employees subject to social...

The paper examines the nexus between capital, competition and stability in the Kenya banking sector. This is achieved by applying a panel data analysis model on annual bank level data for the period 2001 to 2022. The paper estimated H-Statistics and Bank Stability Index to measure evolution of...

Die ifo Human Resources-Umfrage (ifo HR-Umfrage) ist eine vierteljährliche Erhebung, die das ifo Institut seit 2008 unter Personalleitern deutscher Unternehmen durchführt. Während die traditionellen ifo Konjunkturumfragen die Perspektive des allgemeinen Managements erfassen, schließt die...

Temporary migration, return and onward migration have reached high levels in Germany. Between 2014 and 2023, the average emigration rate among foreign nationals ranged from 6 to 11 percent, depending on the data source. At the same time, Germany requires a net annual immigration of around...

The COVID-19 pandemic exposed significant weaknesses in Germany's ability to generate timely, equity-sensitive evidence at the household level. While national surveillance systems produced daily counts of confirmed cases, hospitalisations, and deaths, they offered little insight into the social...

The main aim of this paper is to empirically assess the impact of education and tax revenue onfostering new business creation in the OECD countries. To this end, we employ fixed effects and random effects models using panel data from 2006 to 2022, incorporating alternative conditions. Results...

This study proposes a regression-based estimation method in difference-in-differences settings in the presence of time-varying covariates - a scenario commonly encountered in applications. We impose only a conditional parallel trends assumption with time-varying covariates and plausible...

Growing geopolitical risks (GPR) and tensions affecting economic performance can significantly influence sustainable development outcomes. However, previous studies do not address whether GPR hinders sustainable development, assessed through a unique sustainable development metric, the load...

Ignoring the possible hierarchical clustering of the data that frequently characterises the structure of labour markets implies that studies of the effects of income tax changes on labour supply use less than necessary information on the variability of the labour response. Estimation efficiency...

A central question in class action litigation is all or nearly all proposed class members were injured by the alleged conduct, that is, does "common impact" exist. In this paper, we demonstrate that a two-step econometric methodology can be used to estimate customer-level overcharges, providing...

This paper critically evaluates the Urban Institute's Land Use Reforms and Housing Costs (2024) study, which aims to link zoning reforms to housing supply using machine-learning analysis of newspaper articles. The study identifies 180 "major" land-use reforms across eight U.S. metropolitan areas...

International tourism has helped numerous economies and regions over the years in achieving the objective of long-term sustainable economic growth. The "Association of Southeast Asian Nations (ASEAN)" is the rising hub for international tourism due to its rich history, rich vibrant culture,...

This article introduces a novel approach to decomposing the Blinder-Oaxaca gender wage gap using pseudo-panel data. In many developing countries, panel data are not available; however, understanding the evolution of the gender wage gap over time requires tracking individuals longitudinally. When...