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Estimating household consumption insurance (replication data)
Blundell, Pistaferri, and Preston (American Economic Review, 2008, 98(5), 1887-1921) report an estimate of household consumption insurance with respect to permanent income... -
When are instruments generated from geographic characteristics in bilateral r...
In their highly influential paper, Does Trade Cause Growth,? Frankel and Romer estimate a trade equation to predict bilateral trade shares, which are in turn aggregated to... -
Combining shrinkage and sparsity in conjugate vector autoregressive models (r...
Conjugate priors allow for fast inference in large dimensional vector autoregressive (VAR) models. But at the same time, they introduce the restriction that each equation...
