-
Time‐varying income elasticities of healthcare expenditure for the OECD and E...
We propose a panel data model for nonstationary variables with interactive fixed effects and coefficients that may vary over time and use it to examine time variation in the... -
Supply flexibility in the shale patch: Evidence from North Dakota (replicatio...
This paper provides new results to the literature, showing that output flexibility in oil production depends on the extraction technology. In particular, constructing a novel... -
Social interactions and social preferences in social networks (replication data)
We study social interactions when individuals hold altruistic preferences in social networks. Rich network features can be captured in the resulting best response function. The... -
Fueling conflict? (De)escalation and bilateral aid (replication data)
This paper studies the effects of bilateral foreign aid on conflict escalation and deescalation. First, we develop a new ordinal measure capturing the two-sided and multifaceted... -
Nonlinear effects of government spending shocks in the USA: Evidence from sta...
This paper uses state-level data to estimate the effect of government spending shocks during expansions and recessions. By employing a mixed-frequency framework, we are able to... -
Common correlated effect cross‐sectional dependence corrections for nonlinear...
This paper provides an approach to estimation and inference for nonlinear conditional mean panel data models, in the presence of cross-sectional dependence. We modify Pesaran's... -
Real‐time detection of regimes of predictability in the US equity premium (re...
We propose new real-time monitoring procedures for the emergence of end-of-sample predictive regimes using sequential implementations of standard (heteroskedasticity-robust)... -
Reevaluating the prudence of economic forecasts in the EU: The role of instru...
Christodoulakis and Mamatzakis (2009, Journal of Applied Econometrics 24, pp. 583-606) estimate the EU Commission loss preferences for selected economic forecasts of 12 EU... -
Estimation and inference for spatial models with heterogeneous coefficients: ...
This paper considers the estimation and inference of spatial panel data models with heterogeneous spatial lag coefficients, with and without weakly exogenous regressors, and... -
Average treatment effects for stayers with correlated random coefficient mode...
Correlated random coefficient (CRC) models provide a useful framework for estimating average treatment effects (ATE) with panel data by accommodating heterogeneous treatment... -
The informativeness of estimation moments (replication data)
This paper introduces measures for how each moment contributes to the precision of parameter estimates in generalized method of moments settings. For example, one of the... -
Replicating the Levitt and Porter estimates of drunk driving (replication data)
Estimates of the prevalence and risk of drinking-and-driving are a high-priority need for researchers and policymakers. Levitt and Porter (Journal of Political Economy, 2001,... -
Differencing versus nondifferencing in factor‐based forecasting (replication ...
This paper studies performance of factor-based forecasts using differenced and nondifferenced data. Approximate variances of forecasting errors from the two forecasts are... -
The role of startups for local labor markets (replication data)
There are substantial differences in startup activity across US local labor markets. We study the causes and consequences of these differences. Startup productivity shocks are... -
Change point estimation in panel data with time‐varying individual effects (r...
Existing panel data methods remove unobserved individual effects before change point estimation through data transformations such as first-differencing. In this paper, we show... -
Predicting interest rates using shrinkage methods, real‐time diffusion indexe...
In the context of predicting the term structure of interest rates, we explore the marginal predictive content of real-time macroeconomic diffusion indexes extracted from a data... -
Multidimensional skills and the returns to schooling: Evidence from an intera...
This paper presents new evidence on returns to schooling based on an interactive fixed-effects framework that allows for multiple unobserved skills with potentially time-varying... -
Is deflation costly after all? The perils of erroneous historical classificat...
I estimate average economic activity during periods of inflation and deflation while accounting for measurement errors in 19th century prices. These measurement errors lead to... -
Family planning in a life‐cycle model with income risk (replication data)
Several US states have recently restricted the access to abortions. We study fertility intentions and how family planning and abortions are used as mechanisms to control... -
A distributional synthetic control method for policy evaluation (replication ...
We extend the synthetic control method to evaluate the distributional effects of policy intervention in the possible presence of poor matching. The counterfactuals (or...
