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Nonlinear micro income processes with macro shocks

We propose a nonlinear framework to study the dynamic transmission of aggregate and idiosyncratic shocks to… Continue reading.

Martín Almuzara, Manuel Arellano, Richard Blundell, Stéphane Bonhomme
August | CWP17/25
Binary classification with the maximum score model and linear programming

This paper presents a computationally efficient method for binary classification using Manski’s (1975,1985) maximum score model… Continue reading.

Joel L. Horowitz, Sokbae Lee
August | CWP16/25
Policy learning with confidence

This paper introduces a framework for selecting policies that maximize expected welfare under estimation uncertainty. The… Continue reading.

Victor Chernozhukov, Sokbae Lee, Adam Rosen, Liyang Sun
July | CWP15/25
Plausible GMM: a quasi-bayesian approach

Structural estimation in economics often makes use of models formulated in terms of moment conditions. While… Continue reading.

Victor Chernozhukov, Christian Hansen, Lingwei Kong, Weining Wang
July | CWP14/25