Search Results
Working Paper
Mind the gap! Stylized Dynamic Facts and Structural Models.
We study what happens to identified shocks and to dynamic responses when the data generating process features q disturbances but q1
Working Paper
A High-Frequency Measure of Income Inequality
To identify shocks in VARs using short-run sign or exclusion restrictions, the highest-frequency data possible is usually preferred. For income inequality, there is tension between high frequency and high quality. Annual datasets that survey large numbers of people provide high-quality estimates of income. Higher frequency surveys generally provide a sparser sampling of individual income. Some previous studies have used the the higher frequency data, presumably to match the frequency necessary to identify the shock. Using data obtained from the higher frequency, lower respondant surveys might ...
Working Paper
Measuring The Effect of Shocks on Inequality: It's All About the Data
To identify shocks in VARs using short-run sign or exclusion restrictions, the highest frequency data possible is usually preferred. For income inequality, there is tension between high frequency and high quality. Annual datasets that survey large numbers of people provide high-quality estimates of income. Higher frequency surveys generally provide a sparser sampling of individual income. Some previous studies have used the higher frequency data, presumably to match the frequency necessary to identify the shock. Using data obtained from the higher frequency, lower respondent surveys might ...