Top economic research papers

A Summary of Findings The distinction is also important at the level of economy:

Top economic research papers

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The reason is that central banks react to variables, such as inflation and the output gap, which are endogenous to monetary policy shocks. Endogeneity implies a correlation between regressors and the error term, and hence, an asymptotic bias.

In principle, Instrumental Variables IV estimation can solve this endogeneity problem. In practice, IV estimation poses challenges as the validity of potential instruments also depends on other economic relationships.

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We argue in favor of OLS estimation of monetary policy rules. To that end, we show analytically in the three-equation New Keynesian model that the asymptotic OLS bias is proportional to the fraction of the variance of regressors accounted for by monetary policy shocks.

Using Monte Carlo simulation, we then show that this relationship also holds in a quantitative model of the U. As monetary policy shocks explain only a small fraction of the variance of regressors typically included in monetary policy rules, the endogeneity bias is small.

Using simulations, we show that, for realistic sample sizes, the OLS estimator of monetary policy parameters outperforms IV estimators.Disclaimer: One Freelance Limited - custom writing service that provides online custom written papers, such as term papers, research papers, thesis papers, essays, dissertations and other custom writing services inclusive of research material, for assistance purposes only.

Top economic research papers

Top Stories The Costs of a (Great) Recession. From Economic Synopses: During the Great Recession, most government support was aimed at stabilizing the financial sector.

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Oxford Economic Papers is a general economics journal, publishing refereed papers in economic theory, applied economics, econometrics, economic development, economic history, and the history of economic thought .

The 50 Top Research Universities. The ranking for the top research univerities was determined based on the following criteria: was started by a group of researchers, legislators, and community members to study the economic impact and sustainability of Minnesota’s minerals, forest products, peat, biomass, and water-related industries.

Despite economics papers being largely challenging because of their insistence on application other than theory, we guarantee students hustle free lives free of worry as far as the completion of economics papers are concerned. The American Institute for Economic Research is an independent nonprofit organization established in to help ordinary Americans deepen their economic and financial knowledge and thereby enhance their well-being that of the nation.

Estimating the Return to College Selectivity over the Career Using Administrative Earnings Data