Quantitative Economics

Redistribution policies can boost the US economy and improve welfare for everyone. Inflation-financed transfers are more effective than taxation-financed ones. Application to high and sustained inflation following the COVID recession & CARES Act #inflation https://t.co/bbXfG51KY7 https://t.co/IwKWE6xbDj

The paper introduces a simple and stable computational method to solve stationary and nonstationary dynamic stochastic problems with hundreds of state variables, a wide state space, and occasionally binding constraints, using a desktop computer https://t.co/Lkfsahx1xs https://t.co/TW5ownPwH6

Swiss meat TRQ auctions work like treasury auctions, except bidders are butcheries, not banks. I determine risk preferences that minimize best-reply violations and estimate rents in an otherwise standard share auction. Risk aversion shrinks in bidder size https://t.co/Lkfsahx1xs https://t.co/cAgNSwgl1x

Quantitative Economics Volume 14, Issue 1 (January 2023) is now online https://t.co/QWC3GiH5Aq https://t.co/sWh6B5rxOF

We extend the Double Machine Learning framework to estimate CATE (Conditional Average Treatment Effect) in dynamic panels with many controls and weakly dependent time series or panel data. https://t.co/Lkfsahx1xs https://t.co/U651jFcZZC

What matters more in survey expectations, noise or bias? Past research has focused almost exclusively on bias. However, we show that noise is just as important, and we provide easy-to-use methods to measure it https://t.co/Lkfsahxzn0 https://t.co/G7KTiUcLcE

Using a structural model, we find that shifts in the variance of productivity shocks are a crucial driver of US bond risk premia. These “uncertainty shocks” increase equity premia and depress consumption and inflation, triggering cuts in the policy rate https://t.co/QWC3GiH5Aq https://t.co/7Z4XggMyYv

The special issue of QE is out! Learn about the trends in income inequality, volatility, and mobility in 13 countries around the world. Each article also digs deeper into a salient aspect of the income distribution in that specific country https://t.co/vtOcS6tqES https://t.co/CHduQP99E7

We show that anticipated productivity changes are associated with current fluctuations in labor markets. A structural model connecting wages to contemporaneous firm profitability explains the data. https://t.co/QWC3GiH5Aq https://t.co/tcevnfJxkB

Do we really need to use the logistic distribution with binary choice fixed effects panel models to get point identification? If errors are iid and regressors are bounded, Gary Chamberlain said "yes", we say "not necessarily", with three periods or more https://t.co/QWC3GiH5Aq https://t.co/yVgZaUu3DI