PIER Working Paper Archive

From Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
133 South 36th Street, Philadelphia, PA 19104.
Contact information at EDIRC.
Bibliographic data for series maintained by Administrator ().

Access Statistics for this working paper series.
Track citations for all items by RSS feed
Is something missing from the series or not right? See the RePEc data check for the archive and series.

21-010: Adolescent Cognitive Gender Gaps Reflect Differential Dynamic Associations with Undernutrition and Poverty in Preschool and Preadolescent Ages

Le Thuc Duc and Jere Behrman

21-009: Cryptocurrencies and All That:Two Ideas from Monetary Economics

Jesus Fernandez-Villaverde

21-008: Has Machine Learning Rendered Simple Rules Obsolete?

Jesus Fernandez-Villaverde

21-007: Gender Gaps in Cognitive and Noncognitive Skills: Roles of SES and Gender Attitudes

Justine Herve, Subha Mani, Jere Behrman, Arindam Nandi, Anjana Sankhil Lamkang and Ramanan Laxminarayan

21-006: Allocation Mechanisms Without Reduction

David Dillenberger and Uzi Segal

21-005: Learning with Heterogeneous Misspecfied Models: Characterization and Robustness

Aislinn Bohren and Daniel N. Hauser

21-004: Maternal Undernutrition in Adolescence and Child Human Capital Formation over the Life-Course: Evidence from an International Cohort Study

Andreas Georgiadis, Liza Benny, Paul Dornan and Jere Behrman

21-002: On the Aggregation of Probability Assessments: Regularized Mixtures of Predictive Densities for Eurozone In?ation and Real Interest Rates

Francis Diebold, Minchul Shin and Boyuan Zhang

21-001: Same environment, stratified impacts? Air pollution, extreme temperatures, and birth weight in Southeast China

Xiaoying Liu, Jere Behrman, Emily Hannum, Fan Wang and Qingguo Zhao

20-041: A Macroeconomic Model of Healthcare Saturation, Inequality & the Output-Pandemia Tradeo

Enrique Mendoza, Eugenio Rojas, Linda L. Tesar and Jing Zhang

20-040: Fighting COVID-19:Performance of Countries in the First Half of 2020

Roberto S. Mariano and Suleyman Ozmucur

20-039: Real-Time Forecasting with a (Standard) Mixed-Frequency VAR During a Pandemic

Frank Schorfheide and Dongho Song

20-038: Robust Forecasting

Timothy Christensen, Hyungsik Roger Moon and Frank Schorfheide

20-037: Piecewise-Linear Approximations and Filtering for DSGE Models with Occasionally Binding Constraints

S. Boragan Aruoba, Pablo Cuba-Borda, Kenji Higa-Flores, Frank Schorfheide and Sergio Villalvazo

20-036: Consumer Vulnerability and Behavioral Biases

Hanming Fang and Zenan Wu

20-035: Pandemics, Global Supply Chains, and Local Labor Demand: Evidence from 100 Million Posted Jobs in China

Hanming Fang, Chunmian Ge, Hanwei Huang and Hongbin Li

20-034: Lawrence R. Klein’s Principles in Modeling and Contributions in Nowcasting, Real-Time Forecasting, and Machine Learning

Roberto S. Mariano and Suleyman Ozmucur

20-033: Corona Politics:The cost of mismanaging pandemics

Helios Herrera, Maximilian Konradt, Guillermo Ordonez and Christoph Trebesch

20-032: The Long-Term Distributional and Welfare E?ects of Covid-19 School Closures

Nicola Fuchs-Schundeln, Dirk Krueger, Alexander Ludwig and Irina Popova

20-031: Labor Share and Productivity Dynamics

Sekyu Choi and José-Víctor Ríos-Rull

20-030: A Quantitative Theory of the Credit Score

Satyajit Satyajit, P. Dean Corbae, Kyle Dempsey and José-Víctor Ríos-Rull

20-029: Predictive Performance of Mixed-Frequency Nowcasting and Forecasting Models (with Application to Philippine Inflation and GDP Growth)Abstract: We study how the separation of time and risk preferences relates to a behavioral property that generalizes impatience to stochastic environments: Stochastic Impatience. We show that, within a broad class of models, Stochastic Impatience holds if and only if risk aversion is not too high relative to the inverse of the elasticity of intertemporal substitution. In par-ticular, in the models of Epstein and Zin (1989) and Hansen and Sargent (1995), Stochastic Impatience is violated for all commonly used parameters

Roberto S. Mariano and Suleyman Ozmucur

20-027: A Fisherian Approach to Financial Crises:Lessons from the Sudden Stops Literature

Javier Bianchi and Enrique Mendoza

20-026: Stochastic Impatience and the Separation of Time and Risk Preferences

David Dillenberger, Daniel Gottlieb and Pietro Ortoleva

20-025: On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods

Rong Hai, Dirk Krueger and Andrew Postlewaite

20-024: Genetic Risks, Adolescent Health and Schooling Attainment

Vikesh Amin, Jere Behrman, Jason Fletcher, Carlos A. Flores, Alfonso Flores-Lagunes and Hans-Peter Kohler

20-023: Real-Time Real Economic Activity:Exiting the Great Recession and Entering the Pandemic Recession

Francis Diebold

20-022: Competition and Quality: Evidence from High-Speed Railways and Airlines

Hanming Fang, Long Wang and Yang Yang

20-021: Subjective Information Choice Processes

David Dillenberger, R. Vijay Krishna and Philipp Sadowski

20-020: Additive-Belief-Based Preferences

David Dillenberger and Collin Raymond

20-019: Macro-Finance Decoupling: Robust Evaluations of Macro Asset Pricing Models

Xu Cheng, Winston Dou and Zhipeng Liao

20-016: Activity and the incidence of emergencies: Evidence from daily data at the onset of a pandemic

Jorge Alé-Chilet, Juan Pablo Atal and Patricio Dominguez

20-015: Macroeconomic Dynamics and Reallocation in an Epidemic

Dirk Krueger, Harald Uhlig and Taojun Xie

20-014: Health versus Wealth: On the Distributional Effects of Controlling a Pandemic

Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Víctor Ríos-Rull

20-013: Should Germany Have Built a New Wall?Macroeconomic Lessons from the 2015-18 Refugee Wave

Christopher Busch, Dirk Krueger, Alexander Ludwig, Irina Popova and Zainab Iftikhar

20-012: Optimal Combination of Arctic Sea Ice Extent Measures: A Dynamic Factor Modeling Approach

Francis Diebold, Maximilian Gobel, Philippe Goulet Coulombe, Glenn Rudebusch and Boyuan Zhang

20-011: Human Mobility Restrictions and the Spread of the Novel Coronavirus (2019-nCoV) in China

Hanming Fang, Long Wang and Yang Yang

20-010: Simple Rules for a Complex World with Arti?cial Intelligence

Jesus Fernandez-Villaverde

20-009: Long-Term Health Insurance: Theory Meets Evidence

Juan Pablo Atal, Hanming Fang, Martin Karlsson and Nicolas Ziebarth

20-008: The Collateral Channel of Monetary Policy: Evidence from China

Hanming Fang, Yongqin Wang and Xian Wu

20-007: Mental Health, Schooling Attainment and Polygenic Scores: Are There Significant Genetic-Environmental Associations?

Vikesh Amin, Jere Behrman, Jason Fletcher, Carlos A. Flores, Alfonso Flores-Lagunes and Hans-Peter Kohler

20-006: Does sorting matter for learning inequality?Evidence from East Africa

Paul Anand, Jere Behrman, Hai-Anh Dang and Sam Jones

20-005: The Causal Effects of Parents’ Schooling on Children’s Schooling in Urban China

Jere Behrman, Yuan Hu and Junsen Zhang

20-004: After-School Tutoring, Household Substitution and Student Achievement: Experimental Evidence from Rural China

Jere Behrman, C. Simon Fan, Xiangdong Wei, Hongliang Zhang and Junsen Zhang

20-003: Self-Ful?lling Debt Crises, Revisited

Mark Aguiar, Satyajit Chatterjee, Harold Cole and Zachary Stangebye

20-001: Probability Assessments of an Ice-Free Arctic: Comparing Statistical and Climate Model Projections

Francis Diebold and Glenn Rudebusch

19-020: Lock-in in Dynamic Health Insurance Contracts: Evidence from Chile

Juan Pablo Atal

19-019: Household Labor Search, Spousal Insurance, and Health Care Reform

Hanming Fang and Andrew Shephard

19-018: Learning under Diverse World Views: Model-Based Inference

George Mailath and Larry Samuelson

19-017: Quality Regulation and Competition: Evidence from Pharmaceutical Markets

Juan Pablo Atal, Jose´ Ignacio Cuesta and Morten Sæthre