Search Results - "Econometrica"

PREFERENCES FOR TRUTH-TELLING by Abeler, Johannes, Nosenzo, Daniele, Raymond, Collin

“…Private information is at the heart of many economic activities. For decades, economists have assumed that individuals are willing to misreport private…”
Get full text

REALLY UNCERTAIN BUSINESS CYCLES by Bloom, Nicholas, Floetotto, Max, Jaimovich, Nir, Saporta-Eksten, Itay, Terry, Stephen J.

“…We investigate the role of uncertainty in business cycles. First, we demonstrate that microeconomic uncertainty rises sharply during recessions, including…”
Get full text

POLICY LEARNING WITH OBSERVATIONAL DATA by Athey, Susan, Wager, Stefan

“…In many areas, practitioners seek to use observational data to learn a treatment assignment policy that satisfies application-specific constraints, such as…”
Get full text

TRADE AND LABOR MARKET DYNAMICS: GENERAL EQUILIBRIUM ANALYSIS OF THE CHINA TRADE SHOCK by Caliendo, Lorenzo, Dvorkin, Maximiliano, Parro, Fernando

“…We develop a dynamic trade model with spatially distinct labor markets facing varying exposure to international trade. The model captures the role of labor…”
Get full text

DEEP NEURAL NETWORKS FOR ESTIMATION AND INFERENCE by Farrell, Max H., Liang, Tengyuan, Misra, Sanjog

“…We study deep neural networks and their use in semiparametric inference. We establish novel nonasymptotic high probability bounds for deep feedforward neural…”
Get full text

UNCERTAINTY SHOCKS IN A MODEL OF EFFECTIVE DEMAND by Basu, Susanto, Bundick, Brent

“…Can increased uncertainty about the future cause a contraction in output and its components? An identified uncertainty shock in the data causes significant…”
Get full text

IDENTIFICATION PROPERTIES OF RECENT PRODUCTION FUNCTION ESTIMATORS by Ackerberg, Daniel A., Caves, Kevin, Frazer, Garth

“…This paper examines some of the recent literature on the estimation of production functions. We focus on techniques suggested in two recent papers, Olley and…”
Get full text

THE MACROECONOMIC IMPACT OF MICROECONOMIC SHOCKS: BEYOND HULTEN'S THEOREM by Baqaee, David Rezza, Farhi, Emmanuel

“…We provide a nonlinear characterization of the macroeconomic impact of microeconomic productivity shocks in terms of reduced-form nonparametric elasticities…”
Get full text

RCTs to Scale: Comprehensive Evidence From Two Nudge Units by DellaVigna, Stefano, Linos, Elizabeth

“…Nudge interventions have quickly expanded from academic studies to larger implementation in so‐called Nudge Units in governments. This provides an opportunity…”
Get full text

ROBUST NONPARAMETRIC CONFIDENCE INTERVALS FOR REGRESSION-DISCONTINUITY DESIGNS by Calonico, Sebastian, Cattaneo, Matias D., Titiunik, Rocio

“…In the regression-discontinuity (RD) design, units are assigned to treatment based on whether their value of an observed covariate exceeds a known cutoff. In…”
Get full text

HETEROGENEITY AND PERSISTENCE IN RETURNS TO WEALTH by Fagereng, Andreas, Guiso, Luigi, Malacrino, Davide, Pistaferri, Luigi

“…We provide a systematic analysis of the properties of individual returns to wealth using 12 years of population data from Norway’s administrative tax records…”
Get full text

LOCAL PROJECTIONS AND VARS ESTIMATE THE SAME IMPULSE RESPONSES by Plagborg-Møller, Mikkel, Wolf, Christian K.

“…We prove that local projections (LPs) and Vector Autoregressions (VARs) estimate the same impulse responses. This nonparametric result only requires…”
Get full text

WHO SHOULD BE TREATED? EMPIRICAL WELFARE MAXIMIZATION METHODS FOR TREATMENT CHOICE by Kitagawa, Toru, Tetenov, Aleksey

“…One of the main objectives of empirical analysis of experiments and quasi-experiments is to inform policy decisions that determine the allocation of treatments…”
Get full text

SOCIAL MEDIA AND PROTEST PARTICIPATION: EVIDENCE FROM RUSSIA by Enikolopov, Ruben, Makarin, Alexey, Petrova, Maria

“…Do new communication technologies, such as social media, alleviate the collective action problem? This paper provides evidence that penetration of VK, the…”
Get full text

Tasks, Automation, and the Rise in U.S. Wage Inequality by Acemoglu, Daron, Restrepo, Pascual

“…We document that between 50% and 70% of changes in the U.S. wage structure over the last four decades are accounted for by relative wage declines of worker…”
Get full text

PRICES, MARKUPS, AND TRADE REFORM by De Loecker, Jan, Goldberg, Pinelopi K., Khandelwal, Amit K., Pavcnik, Nina

“…This paper examines how prices, markups, and marginal costs respond to trade liberalization. We develop a framework to estimate markups from production data…”
Get full text

A PREFERRED-HABITAT MODEL OF THE TERM STRUCTURE OF INTEREST RATES by Vayanos, Dimitri, Vila, Jean-Luc

“…We model the term structure of interest rates that results from the interaction between investors with preferences for specific maturities and risk-averse…”
Get full text

MEASURING GROUP DIFFERENCES IN HIGH-DIMENSIONAL CHOICES: METHOD AND APPLICATION TO CONGRESSIONAL SPEECH by Gentzkow, Matthew, Shapiro, Jesse M., Taddy, Matt

“…We study the problem of measuring group differences in choices when the dimensionality of the choice set is large. We show that standard approaches suffer from…”
Get full text

Locally Robust Semiparametric Estimation by Chernozhukov, Victor, Escanciano, Juan Carlos, Ichimura, Hidehiko, Newey, Whitney K., Robins, James M.

“…Many economic and causal parameters depend on nonparametric or high dimensional first steps. We give a general construction of locally robust/orthogonal moment…”
Get full text

THE ALLOCATION OF TALENT AND U.S. ECONOMIC GROWTH by Hsieh, Chang-Tai, Hurst, Erik, Jones, Charles I., Klenow, Peter J.

“…In 1960, 94 percent of doctors and lawyers were white men. By 2010, the fraction was just 62 percent. Similar changes in other highly-skilled occupations have…”
Get full text