Bayesian estimation of duration models: An application of the multiperiod probit modelEmpirical Economics - Tập 22 - Trang 461-480 - 1997
Michele Campolieti
The multiperiod probit model is presented and Bayesian estimation using the Gibbs sampler with data augmentation is described. As an empirical illustration, the multiperiod probit model is then used to estimate a duration model using employment duration data for the Canadian province of New Brunswick. Bayesian estimation with unobserved heterogeneity is shown to be a simple extension of estimation...... hiện toàn bộ
Interest rate reaction functions for the euro areaEmpirical Economics - Tập 33 - Trang 541-569 - 2006
Karsten Ruth
Estimating interest rate reaction functions for the euro area is still hampered by the short time span since the conduct of a single monetary policy. This is why estimates of union-wide reaction functions are usually based on historical pre-EMU data. In this paper we circumvent the common use of aggregated data before 1999 by estimating interest rate reaction functions based on a panel including a...... hiện toàn bộ
Multi-valued Double Robust quantile treatment effectEmpirical Economics - Tập 58 - Trang 2545-2571 - 2018
Marilena Furno, Francesco Caracciolo
An empirical approach for the analysis of treatment effect at various quantiles in the case of multiple treatment conditions is here proposed. Outcome changes under multiple treatment conditions are computed using (a) inverse propensity score weights and (b) unconditional outcome distribution within each group. Through (a) and (b), the standard double robust estimator is extended to evaluate treat...... hiện toàn bộ
Preventing NEETs during the Great Recession: the effects of mandatory activation programs for young welfare recipientsEmpirical Economics - Tập 62 - Trang 749-777 - 2021
Emile Cammeraat, Egbert Jongen, Pierre Koning
We study the impact of mandatory activation programs for young welfare recipients in the Netherlands. What makes this reform unique is that it clashed head on with the Great Recession. We use differences-in-differences and data for the period 1999–2012 to estimate the effects of this reform. We find that the reform reduced the number of welfare recipients but had no effect on the number of NEETs (...... hiện toàn bộ
Semi-nonparametric spline modifications to the Cornwell–Schmidt–Sickles estimator: an analysis of US banking productivityEmpirical Economics - - 2014
Pavlos Almanidis, Giannis Karagiannis, Robin C. Sickles
This paper modifies the Cornwell, Schmidt and Sickles [CSS (J Econom 46:185–200, 1990)] time-varying specification of technical efficiency to allow for switching patterns in temporal changes, which may occur more than once during the sample period. For this purpose, we move from the (second-order) polynomial specification of the standard CSS to a spline function setup, while keeping CSS’s flexibil...... hiện toàn bộ
Giáo dục nội sinh và phân bố của khoảng cách tiền lương theo giới Dịch bởi AI Empirical Economics - Tập 30 - Trang 1-22
Jörgen Hansen, Roger Wahlberg
Các nghiên cứu trước đây về khoảng cách tiền lương theo giới đã dựa vào OLS khi ước lượng các phương trình tiền lương. Tuy nhiên, một số nghiên cứu gần đây, chuyên về ước lượng lợi tức từ giáo dục, đã chỉ ra rằng OLS có thể tạo ra các ước lượng thiên lệch vì một số lý do. Do đó, những kết quả trước đây liên quan đến khoảng cách tiền lương theo giới cũng có thể bị thiên lệch. Trong bài báo này, chú...... hiện toàn bộ
#khoảng cách tiền lương theo giới #ước lượng GMM #quy trình giáo dục nội sinh #dữ liệu bảng
The effects of learning and signaling on money demand: With an application to heterodox inflation stabilization programsEmpirical Economics - Tập 25 - Trang 61-91 - 2000
Francisco J. Ruge-Murcia
This paper develops a nonlinear vector autoregression of inflation and money growth subject to changes in regime. The regimes are fully characterized by the mean and variance of inflation and are conjectured to be the result of alternative government policies. Agents are unable to observe directly whether government actions are indeed consistent with the inflation rate targeted as part of a stabi...... hiện toàn bộ
On the optimality and sustainability of Turkey’s current accountEmpirical Economics - Tập 35 - Trang 543-568 - 2008
Ayla Ogus, Niloufer Sohrabji
We analyze Turkey’s current account optimality and sustainability between 1992 and 2004. Using the intertemporal benchmark model for Turkey’s current account we test for its intertemporal solvency. Based on traditional and alternative tests (which account for persistence in the current account), we conclude that Turkey breached the intertemporal solvency condition in the sample period. In addition...... hiện toàn bộ