Quantitative Economics

A market so nifty where matchings do grow, stability wins — 88% so! Subjects play smart, strategies unfold, & median matchings overwhelmingly take hold. Echenique, @ARobinsonCortes & @lyariv show us this trick: stability reigns when the players are slick! https://t.co/psFmKXKjCI https://t.co/hrx7k3oD5G

High-frequency time series can lead to spurious regressions & inflated Wald stats when sampling interval → 0. But there's hope! Robust Wald test with appropriate long-run variance estimates prevents false positives, validated w/interest rate data https://t.co/mOAmt1dvJX https://t.co/kiN3daA9pX

New research: AR(1) models w/ time-varying parameters enable smooth transitions between stationary & nonstationary periods. Local least squares regression provides robust estimation & proper confidence intervals across both cases. https://t.co/TK3Dj0udJb https://t.co/tRLWKJ3rhv

When the central bank lowers the policy rate, not only mortgage choices but also housing choices amplify the aggregate demand response. Using a quantitative model, I find that updated housing choices contribute to 10 % of the increase in aggregate spending https://t.co/jJF1dTQHO2 https://t.co/o6oEC29fE0

We develop an indirect inference approach to test the speculative storage model, integrating supply response and several structural shocks. Using grain market data, our results highlight storage's role in price dynamics and resolve key empirical puzzles. https://t.co/p62iJmFQzr https://t.co/Y8VyUqG9Sq

Quantitative Economics Volume 16, Issue 1 (January 2025) is now online https://t.co/vtOcS6tqES

Over five decades in China, demographics had limited impact on savings but drove per capita output growth. Industrial policies boosted both, with endogenous human capital emerging as a key driver of output growth. @Fang_Yang_Econ @wenli_li https://t.co/iBTbXKKllz https://t.co/F6T6axFu4l

We propose real-time detectors, designed as stopping rules, to provide rapid alerts when local no-arbitrage violations occur in asset prices. An application demonstrates that these detectors can promptly identify short-lived episodes of market disruption. https://t.co/60JLDmsX54 https://t.co/jX0YKdgomJ

A new model of cycles & crises in emerging markets—featuring interest shocks, stochastic volatility, & borrowing constraints—finds interest rate shocks play a smaller role than previously thought. @ChrisOtrok @arebucci1 @BenignoGianluca Explore findings: https://t.co/x9R81Sgu7K https://t.co/VOTshHjZYQ