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Estimation and Solution of Models with Expectations and Structural Changes (r...
In this paper, we develop solutions for linearized models with forward-looking expectations and structural changes under a variety of assumptions regarding agents' beliefs about... -
MULTIVARIATE METHODS FOR MONITORING STRUCTURAL CHANGE (replication data)
Detection of structural change is a critical empirical activity, but continuous monitoring for changes in real time raises well-known econometric issues that have been explored... -
Macroeconomic forecasting and structural change (replication data)
The aim of this paper is to assess whether modeling structural change can help improving the accuracy of macroeconomic forecasts. We conduct a simulated real-time out-of-sample... -
Sectoral adjustment of employment to shifts in outsourcing and trade: evidenc...
This paper analyzes the effects of trade and outsourcing on the transition probabilities of employment between sectors, using a dynamic multinomial logit framework with fixed...
