Modeling Uncertainty in Climate Change: A Multi‐Model Comparison … Modeling Uncertainty in Climate Change: A Multi‐Model Comparison Discussion Paper 149692 149693 149694 149695 149696 149697 149698 The economics of climate change involves a vast array of …

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 …

Nonparametric Identification of Differentiated Products Demand Using Micro Data … Nonparametric Identification of Differentiated Products Demand Using Micro Data Journal Publication 19463 19474 We examine identification of differentiated products demand …

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 19489 The extent to which like-with like marry is particularly important for inequality as well as …

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 …

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 …

Education Quality and Teaching Practices … Education Quality and Teaching Practices Discussion Paper 149570 19489 149571 Improving school quality with limited resources is a key issue of policy. It has been suggested that instructing teachers to follow …

Dispersed Behavior and Perceptions in Assortative Societies … Dispersed Behavior and Perceptions in Assortative Societies Discussion Paper 152351 301394 301393 We formulate a model of social interactions and misinferences by agents who neglect …