Winston Wei Dou at UPenn has a JoF paper (doi.org/10.1111/jofi...) using a general semiparamrtric framework to capture misspecification in data-generating processes (DGPs) that show up as local perturbations in the moment restrictions imposed by structural models.
Measuring “Dark Matter” in Asset Pricing Models
We formalize the concept of “dark matter” in asset pricing models by quantifying the additional informativeness of cross-equation restrictions about fundamental dynamics. The dark-matter measure capt...
doi.org
May 8, 2025 at 7:13 AM
Winston Wei Dou at UPenn has a JoF paper (doi.org/10.1111/jofi...) using a general semiparamrtric framework to capture misspecification in data-generating processes (DGPs) that show up as local perturbations in the moment restrictions imposed by structural models.
You can check out recent work on this by Giacomo Lanzani and Aniruddhe Ghosh. Both of them presented at the ASSA 2025 meetings this January.
www.aeaweb.org/conference/2...
www.aeaweb.org/conference/2...
American Economic Association
www.aeaweb.org
May 8, 2025 at 6:55 AM
You can check out recent work on this by Giacomo Lanzani and Aniruddhe Ghosh. Both of them presented at the ASSA 2025 meetings this January.
www.aeaweb.org/conference/2...
www.aeaweb.org/conference/2...
It seems to me that Hansen and Sargent's Robustness(2011) builds on a different strand of literature studying models of misspecified learning in macroeconomics, following their 2001 AER and 2007 JET papers.
May 8, 2025 at 6:52 AM
It seems to me that Hansen and Sargent's Robustness(2011) builds on a different strand of literature studying models of misspecified learning in macroeconomics, following their 2001 AER and 2007 JET papers.
Phelps, Edmund S., G. C. Archibald, and Armen A. Alchian. 1970. Microeconomic foundations of employment and inflation theory. New York: Norton.
April 20, 2025 at 8:51 PM
Phelps, Edmund S., G. C. Archibald, and Armen A. Alchian. 1970. Microeconomic foundations of employment and inflation theory. New York: Norton.
Mortensen, Dale T. (2011). Markets with Search Friction and the DMP Model. American Economic Review, 101(4), 1073–1091.
Diamond, P. A. (1971). A model of price adjustment. Journal of Economic Theory, 3(2), 156–168.
Diamond, P. A. (1971). A model of price adjustment. Journal of Economic Theory, 3(2), 156–168.
April 20, 2025 at 8:51 PM
Mortensen, Dale T. (2011). Markets with Search Friction and the DMP Model. American Economic Review, 101(4), 1073–1091.
Diamond, P. A. (1971). A model of price adjustment. Journal of Economic Theory, 3(2), 156–168.
Diamond, P. A. (1971). A model of price adjustment. Journal of Economic Theory, 3(2), 156–168.
Reposted by "tariff king"
#QJE May 2025, #1, “When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870,” by Bouscasse (@paulbouscasse.bsky.social), Nakamura, and Steinsson (@jonsteinsson.bsky.social): doi.org/10.1093/qje/...
When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870*
Abstract. We estimate productivity growth in England from 1250 to 1870. Real wages over this period were heavily influenced by plague-induced swings in the
doi.org
April 16, 2025 at 6:53 PM
#QJE May 2025, #1, “When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870,” by Bouscasse (@paulbouscasse.bsky.social), Nakamura, and Steinsson (@jonsteinsson.bsky.social): doi.org/10.1093/qje/...
Economists of the day may echo these sentiments.
March 5, 2025 at 8:57 AM
Economists of the day may echo these sentiments.
Bhagwati, J. (2002) Free Trade Today. Princeton University Press.
February 19, 2025 at 11:13 AM
Bhagwati, J. (2002) Free Trade Today. Princeton University Press.