Quantitative Economics

Capital reallocation between firms is procyclical and productivity-enhancing. However, Russ Cooper and @ImmoSchott find that it does not play a major role in amplifying aggregate productivity variations over the business cycle https://t.co/9MfKARrVTK https://t.co/zJV8PttaQe

We consider simple but optimal AR(1) forecasting rules, known as behavioral learning equilibria, in the Smets-Wouters model. Estimation on US data shows these simple rules outperform rational expectations. Cars Hommes, @MavromatisK, Tolga Ozden, Mei Zhu https://t.co/f89aR7iWr0 https://t.co/6e7ObU5R0r

Can market design improve preference formation in school choice? We find that compared to a direct mechanism, a sequential mechanism or providing historical cutoffs can help students avoid wasteful search about out-of-reach schools and thus improve welfare https://t.co/Xlc2pCtEYN https://t.co/ORpUrvw0wq

Quantitative Economics Volume 14, Issue 2 (May 2023) is now online https://t.co/vtOcS6tqES https://t.co/rooZ5HOQgW

Intersectoral production spillovers relate to aggregate volatility. We show that structural change in the spillover network helps to explain the Great Moderation and guide researchers in estimating large networks with regularization techniques https://t.co/9TKmOsenrZ https://t.co/8X9q12JELY

Using a novel statistical approach, we provide a powerful test of whether professional tennis players play equilibrium. We find that behavior conforms closely to equilibrium, more closely for men than women, and more closely for higher-ranked players https://t.co/mnB4cdfwqN https://t.co/RA5KdKIaXT

For the two-period semiparametric multinomial choice model with fixed effects, this paper derives the conditional moment inequalities yielding the sharp identified set for the random utility covariate index https://t.co/SVAdYLuLPW https://t.co/zjoi13zSvf

We are pleased to announce “Identification and Inference with Ranking Restrictions" by Pooyan Amir-Ahmadi and Thorsten Drautzburg, Quantitative Economics, Volume 12, Issue 1 (2021) has been awarded the 2023 QE Best Paper Prize https://t.co/q1prlOvTLZ

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