Optimal Bandwidth Selection in Heteroskedasticity-Autocorrelation Robust Testing … Optimal Bandwidth Selection in Heteroskedasticity-Autocorrelation Robust Testing Discussion Paper 149855 149704 In time series regressions with nonparametrically …

Changes in Assortative Matching and Inequality in Income: Evidence for the UK … Changes in Assortative Matching and Inequality in Income: Evidence for the UK Discussion Paper 149364 149533 The extent to which like-with like marry is important for …

The Demand for Information: More Heat than Light … The Demand for Information: More Heat than Light Discussion Paper 149943 149944 This paper produces a comprehensive theory of the value of Bayesian information and its static demand. Our key insight is to …

On the Nonparametric Identification of Nonlinear Simultaneous Equations Models: Comment on B. Brown (1983) and Roehrig (1988) … On the Nonparametric Identification of Nonlinear Simultaneous Equations Models: Comment on B. Brown (1983) and Roehrig (1988) …

A Behavioral Model of Bargaining with Endogenous Types … A Behavioral Model of Bargaining with Endogenous Types Discussion Paper We enrich a simple two-person bargaining model by introducing “behavioral types” who concede more slowly than does the average …

An Overview of the General Theory … An Overview of the General Theory Discussion Paper 22203 This paper is intended to be a chapter in a forthcoming “Second Edition” of John Maynard Keynes, The General Theory of Employment, Interest and Money , published …

Algorithm is Experiment: Machine Learning, Market Design, and Policy Eligibility Rules … Algorithm is Experiment: Machine Learning, Market Design, and Policy Eligibility Rules Discussion Paper 149433 Algorithms produce a growing portion of decisions and …

James Tobin on Macroeconomic Instability: An Old Keynesian Changes Ground … James Tobin on Macroeconomic Instability: An Old Keynesian Changes Ground Journal Publication 22622 303133 From 1975 onwards, James Tobin changed his interpretation of the …

Vector Autoregression and Causality: A Theoretical Overview and Simulation Study … Vector Autoregression and Causality: A Theoretical Overview and Simulation Study Discussion Paper This paper provides a theoretical overview of Wald tests for Granger …

Breaking Ties: Regression Discontinuity Design Meets Market Design … Breaking Ties: Regression Discontinuity Design Meets Market Design Discussion Paper 149456 149457 149458 149459 Many schools in large urban districts have more applicants than seats. …

Optimal Bandwidth Choice for Interval Estimation in GMM Regression … Optimal Bandwidth Choice for Interval Estimation in GMM Regression Discussion Paper In time series regression with nonparametrically autocorrelated errors, it is now standard empirical …

Market Valuation of Accrued Social Security Benefits … Market Valuation of Accrued Social Security Benefits Discussion Paper One measure of the health of the Social Security system is the difference between the market value of the trust fund and the …

Matching with Incomplete Information … Matching with Incomplete Information Discussion Paper 149785 149786 149689 19495 A large literature uses matching models to analyze markets with two-sided heterogeneity, studying problems such as the matching of …

Financing Firms in Hibernation during the COVID-19 Pandemic … Financing Firms in Hibernation during the COVID-19 Pandemic Discussion Paper The coronavirus (COVID-19) pandemic has halted economic activity worldwide, hurting firms and pushing them toward …

Financing Firms in Hibernation during the COVID-19 Pandemic … Financing Firms in Hibernation during the COVID-19 Pandemic Discussion Paper 149485 149486 149487 149488 The coronavirus (COVID-19) pandemic halted economic activity worldwide, hurting firms and …