Empirical Process Methods in Econometrics … Empirical Process Methods in Econometrics Discussion Paper This paper provides an introduction to the use of empirical process methods in econometrics. These methods can be used to establish the large sample …

Adverse Selection and an Individual Mandate: When Theory Meets Practice … Adverse Selection and an Individual Mandate: When Theory Meets Practice Discussion Paper We develop a model of selection that incorporates a key element of recent health reforms: an …

Models: New Interpretations of Old Results … Models: New Interpretations of Old Results Discussion Paper 149929 149930 What is the relation between infrequent price adjustment and the dynamic response of the aggregate price level to monetary shocks? The …

Modeling Uncertainty in Climate Change: A Multi‐Model Comparison … Modeling Uncertainty in Climate Change: A Multi‐Model Comparison Discussion Paper The economics of climate change involves a vast array of uncertainties, complicating both the analysis and …

Empirical Process Methods in Econometrics … Empirical Process Methods in Econometrics Discussion Paper 149297 This paper provides an introduction to the use of empirical process methods in econometrics. These methods can be used to establish the large …

Curse of Democracy: Evidence from 2020 … Curse of Democracy: Evidence from 2020 Discussion Paper 149410 Countries with more democratic political regimes experienced greater GDP loss and more deaths from COVID-19 in 2020. Using five diffferent instrumental …

Continuous Workout Mortgages … Continuous Workout Mortgages Discussion Paper This paper models Continuous Workout Mortgages (CWMs) in an economic environment with refinancings and prepayments by employing a market-observable variable such as the house …

Bitcoin: An Impossibility Theorem for Proof-of-Work based Protocols … Bitcoin: An Impossibility Theorem for Proof-of-Work based Protocols Discussion Paper 19552 A key part of decentralized consensus protocols is a procedure for random selection, which is …

Price Stickiness in Ss Models: New Interpretations of Old Results … Price Stickiness in Ss Models: New Interpretations of Old Results Discussion Paper What is the relation between infrequent price adjustment and the dynamic response of the aggregate price …

Changes in Assortative Matching: Theory and Evidence for the US … Changes in Assortative Matching: Theory and Evidence for the US Discussion Paper 149364 The extent to which like-with like marry is particularly important for inequality as well as for the …

Lookalike Targeting on Others' Journeys: Brand Versus Performance Marketing … Lookalike Targeting on Others' Journeys: Brand Versus Performance Marketing Discussion Paper 19566 Lookalike targeting is a widely used model-based ad targeting approach that …

Education Quality and Teaching Practices … Education Quality and Teaching Practices Discussion Paper 149570 149571 Improving school quality with limited resources is a key issue of policy. It has been suggested that instructing teachers to follow specific …

Product Warranties and Double Moral Hazard … Product Warranties and Double Moral Hazard Discussion Paper This paper explores a model of warranties in which moral hazard problems play a key role. The goal is to understand the important characteristics of …

John Maynard Keynes Narrates the Great Depression: His Reports to the Philips Electronics Firm … John Maynard Keynes Narrates the Great Depression: His Reports to the Philips Electronics Firm Journal Publication 22622 153110 In October 1929, the Dutch …