We explore the macroeconomic effects of a compression in the long-term bond yield spread within the context of the Great Recession of 2007-09 via a time-varying parameter[...]

The purpose of this paper is to examine the role of multilateral adjustment to U.S. external imbalances in driving bilateral real exchange rate movements by developing a [...]

Subjective health expectations are derived using data from the U.S. Health and Retirement Study (HRS). We first use a Bayesian updating mechanism to correct for focal poi[...]

Exact reference prior and posterior are obtained and their properties examined for two nonregular models: a structural low-price, sealed-bid auction model and a job-searc[...]

Liquidity flows through a financial network cannot be accurately described using external processing constraints alone. Behavioral aspects of participants also matter. A [...]

We study the identification and estimation of first-price auctions with independent private values if bidders face ambiguity about the valuation distribution and have max[...]

We introduce Behavioral Learning Equilibria (BLE) into a multivariate linear framework and apply it to New Keynesian DSGE models. In a BLE, boundedly rational agents use [...]

Supplemental material for peer-reviewed article published in Quantitative Economics. When citing this dataset, please also cite the associated article. A sample Publicati[...]

This paper studies the effects of a monetary policy expansion in the United States during times of high financial stress. The analysis is carried out by introducing a smo[...]

We explore the macroeconomic effects of a compression in the long-term bond yield spread within the context of the Great Recession of 2007-2009 via a time-varying paramet[...]