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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Song, Kyungchul;

    Diffusion over a network refers to the phenomenon of a change of state of a cross-sectional unit in one period leading to a change of state of its neighbors in the network in the next period. One may estimate or test for diffusion by estimating a cross-sectionally aggregated correlation between neighbors over time from data. However, the estimated diffusion can be misleading if the diffusion is confounded by omitted covariates. This paper focuses on the measure of diffusion proposed by He and Song (2022, Preprint, arXiv:1812.04195v4 [stat.ME]), provides a method of decomposition analysis to measure the role of the covariates on the estimated diffusion, and develops an asymptotic inference procedure for the decomposition analysis in such a situation. This paper also presents results from a Monte Carlo study on the small sample performance of the inference procedure.

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Econometric Theoryarrow_drop_down
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    Econometric Theory
    Article . 2022
    License: CC BY
    Data sources: Crossref
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    https://doi.org/10.48550/arxiv...
    Article . 2019
    License: arXiv Non-Exclusive Distribution
    Data sources: Datacite
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      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Econometric Theoryarrow_drop_down
      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
      Econometric Theory
      Article . 2022
      License: CC BY
      Data sources: Crossref
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      https://doi.org/10.48550/arxiv...
      Article . 2019
      License: arXiv Non-Exclusive Distribution
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  • image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Authors: Victoria Pringle; Erika N. Carlson; Richard Rau;
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Research ...arrow_drop_down
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Journal of Research in Personality
    Article . 2023
    License: Elsevier TDM
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Research ...arrow_drop_down
      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Journal of Research in Personality
      Article . 2023
      License: Elsevier TDM
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: David C. Hill; Zafiro Andrade-Romo; Karla Solari; Ellithia Adams; +4 Authors

    AbstractGiven the magnitude of Venezuelan displacement in Latin America, there is a need to assess how migrants were, and will continue to be, addressed in COVID-19 vaccination policies. To explore migration status as a dimension of vaccine equity in Latin America and in relation to international human rights, we assessed national vaccination plans, peer-reviewed, and gray literature published between January 2020 and June 2021. Three key rights-related concerns were found to restrict the health rights of migrants in the region: 1) lack of prioritization of migrants in vaccine distribution; 2) onerous documentation requirements to be eligible for COVID-19 vaccination; and (3) how pervasive anti-migrant discrimination limited equitable health care access. While international human rights law prohibits against discrimination based on migration status, few countries analyzed realized their obligations to provide equal access to COVID-19 vaccines to non-citizens, including displaced Venezuelans. Especially for migrants and displaced people, effective and sustainable vaccination strategies for COVID-19 and future pandemics in Latin America must be guided not only by epidemiological risk but also seek to align with human rights obligations. To achieve this, States must also take special measures to facilitate vaccine access for communities facing systemic discrimination, exclusion, and marginalization.

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ PLOS Global Public H...arrow_drop_down
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    PLOS Global Public Health
    Article . 2023
    License: CC BY
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    DOAJ
    Article . 2023
    Data sources: DOAJ
    DOAJ
    Article . 2023
    Data sources: DOAJ
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      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ PLOS Global Public H...arrow_drop_down
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      PLOS Global Public Health
      Article . 2023
      License: CC BY
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      DOAJ
      Article . 2023
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      DOAJ
      Article . 2023
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: James M. Nason; Gregor W. Smith;

    AbstractPhillips curves are central to discussions of inflation dynamics and monetary policy. The hybrid new Keynesian Phillips curve (NKPC) describes how past inflation, expected future inflation, and a measure of real aggregate demand drive the current inflation rate. This paper studies the (potential) weak identification of the NKPC under Generalized Method of Moments and traces this syndrome to a lack of higher‐order dynamics in exogenous variables. We employ analytic methods to understand the economics of the NKPC identification problem in the canonical three‐equation, new Keynesian model. We revisit the empirical evidence for the USA, the UK, and Canada by constructing tests and confidence intervals based on the Anderson and Rubin (1949) statistic, which is robust to weak identification. We also apply the Guggenberger and Smith (2008) LM test to the underlying NKPC pricing parameters. Both tests yield little evidence of forward‐looking inflation dynamics. Copyright © 2008 John Wiley & Sons, Ltd.

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Journal of Applied E...arrow_drop_down
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    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Journal of Applied Econometrics
    Article . 2008
    License: Wiley Online Library User Agreement
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    SSRN Electronic Journal
    Article . 2005
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      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Journal of Applied E...arrow_drop_down
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Journal of Applied Econometrics
      Article . 2008
      License: Wiley Online Library User Agreement
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      SSRN Electronic Journal
      Article . 2005
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Ruge-Murcia, Francisco;

    SummaryThis paper uses extreme value theory to study the implications of skewness risk for nominal loan contracts in a production economy. Productivity and inflation innovations are drawn from generalized extreme value distributions. The model is solved using a third‐order perturbation and estimated by the simulated method of moments. Results show that the data reject the hypothesis that innovations are drawn from normal distributions and favor instead the alternative that they are drawn from asymmetric distributions. Estimates indicate that skewness risk accounts for 12% of the risk premia and reduces bond yields by approximately 55 basis points. For a bond that pays 1 dollar at maturity, the adjustment factor associated with skewness risk ranges from 0.15 cents for a 3‐month bond to 2.05 cents for a 5‐year bond. Copyright © 2016 John Wiley & Sons, Ltd.

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Journal of Applied E...arrow_drop_down
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    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Journal of Applied Econometrics
    Article . 2016
    License: Wiley Online Library User Agreement
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Journal of Applied Econometrics
      Article . 2016
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Sumeet Gulati; James Vercammen;

    In this paper, we present the economic determinants of the optimal length of a carbon offset contract. We find that because of a declining capacity of the soil to sequester carbon, the optimal length of the carbon contract is finite (the marginal benefit of remaining in the contract is declining over time, whereas marginal opportunity cost is rising). We also explore the effect of varying key parameter values on the optimal length in the contract. If the contract requires the farmer to sequester at a higher rate, the farmer chooses the contract for a shorter length of time, and this may decrease rather than increase social welfare. If society places a higher value on carbon accumulation, the contract is chosen for a longer length of time. Finally, if both the farmer and society have a higher discount rate, the model provides a somewhat surprising result. The overall time in the contract, and benefits from carbon accumulation are higher when the common discount rate is higher. Dans le present article, nous presentons les determinants economiques de la duree optimale d'un contrat de contrepartie de la fixation du carbone. Nous avons trouve qu'en raison de la diminution de la capacite du sol a sequestrer le CO2, la duree optimale du contrat de contrepartie du carbone est limitee (l'avantage marginal de la poursuite du contrat diminue avec le temps, tandis que le cout de renonciation marginal augmente). Nous avons egalement examine les repercussions de la variation des valeurs des parametres cles sur la duree optimale du contrat. Si le contrat exige que le producteur augmente le taux de sequestration du CO2, le producteur peut choisir de diminuer la duree du contrat, ce qui peut contribuer a diminuer le bien-etre collectif plutot qu'a l'augmenter. Si la societe accorde une grande valeur a l'accumulation du carbone, la duree du contrat est plus longue. Finalement, si le producteur et la societe disposent d'un taux d'escompte eleve, le modele donne des resultats quelque peu etonnants. La duree totale du contrat et les avantages lies a l'accumulation de carbone sont plus eleves lorsque le taux d'escompte courant est eleve.

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Canadian Journal of ...arrow_drop_down
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    Canadian Journal of Agricultural Economics/Revue canadienne d agroeconomie
    Article . 2005
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Canadian Journal of Agricultural Economics/Revue canadienne d agroeconomie
      Article . 2005
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  • Authors: David M. Arseneau; Sanjay K. Chugh; André Kurmann;

    This paper clarifies the role of initial asset value constraints in Ramsey models of incomplete factor taxation. We show that the optimal long-run capital tax is zero in the long run if and only if there is no binding constraint on the initial capital tax rate. This finding contrasts with Armenter (2008) who argues that zero long-run capital taxes reappear in models of incomplete factor taxation as long as the government is barred from manipulating initial asset wealth. The reason for this difference is that the two constraints cannot both be binding at the same time. Hence, in Armenter’s (2008) analysis, the initial asset value constraint is necessarily more restrictive than the constraint on the initial capital tax rate.

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    Authors: Kasanda, Eva; Burbadge, Christine; Bildstein, Vinzenz; Turko, Josef; +3 Authors

    In this work, we propose a novel technique for in-vivo proton therapy range verification. This technique makes use of a small hadron tumour marker, $^{92}$Mo, implanted at a short known distance from the clinical treatment volume. Signals emitted from the marker during treatment can provide a direct measurement of the proton beam energy at the marker's position. Fusion-evaporation reactions between the proton beam and marker nucleus result in the emission of delayed characteristic $\gamma$ rays, which are detected off-beam for an improved signal-to-noise ratio. In order to determine the viability of this technique and to establish an experimental setup for future work, the Monte Carlo package GEANT4 was used in combination with ROOT to simulate a treatment scenario with the new method outlined in this work. These simulations show that analyzing the intensity of delayed $\gamma$ rays produced from competing reactions yields a precise measurement of the range of the proton beam relative to the marker, with sub-millimeter uncertainty.

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    https://doi.org/10.48550/arxiv...
    Article . 2020
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      https://doi.org/10.48550/arxiv...
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    Authors: Lazrak, Ali; Zhang, Jianfeng;

    We study pre-vote interactions in a committee that enacts a welfare-improving reform through voting. Committee members use decentralized promises contingent on the reform enactment to influence the vote outcome. Equilibrium promises prevent beneficial coalitional deviations and minimize total promises. We show that multiple equilibria exist, involving promises from high- to low-intensity members to enact the reform. Promises dissuade reform opponents from enticing the least enthusiastic reform supporters to vote against the reform. We explore whether some recipients of the promises can be supporters of the reform and discuss the impact of polarization on the total promises.

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    SSRN Electronic Journal
    Article . 2023
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      SSRN Electronic Journal
      Article . 2023
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      https://doi.org/10.48550/arxiv...
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    Authors: Mosleh, Mohsen; Pennycook, Gordon; Rand, David G.;

    There is an increasing imperative for psychologists and other behavioral scientists to understand how people behave on social media. However, it is often very difficult to execute experimental research on actual social media platforms, or to link survey responses to online behavior in order to perform correlational analyses. Thus, there is a natural desire to use self-reported behavioral intentions in standard survey studies to gain insight into online behavior. But are such hypothetical responses hopelessly disconnected from actual sharing decisions? Or are online survey samples via sources such as Amazon Mechanical Turk (MTurk) so different from the average social media user that the survey responses of one group give little insight into the on-platform behavior of the other? Here we investigate these issues by examining 67 pieces of political news content. We evaluate whether there is a meaningful relationship between (i) the level of sharing (tweets and retweets) of a given piece of content on Twitter, and (ii) the extent to which individuals (total N = 993) in online surveys on MTurk reported being willing to share that same piece of content. We found that the same news headlines that were more likely to be hypothetically shared on MTurk were also shared more frequently by Twitter users, r = .44. For example, across the observed range of MTurk sharing fractions, a 20 percentage point increase in the fraction of MTurk participants who reported being willing to share a news headline on social media was associated with 10x as many actual shares on Twitter. We also found that the correlation between sharing and various features of the headline was similar using both MTurk and Twitter data. These findings suggest that self-reported sharing intentions collected in online surveys are likely to provide some meaningful insight into what content would actually be shared on social media.

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    Europe PubMed Central
    Article . 2020
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    DOAJ; PLoS ONE
    Article . 2020
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    PLoS ONE
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    https://dspace.mit.edu/bitstre...
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    https://doi.org/10.31234/osf.i...
    Preprint . 2019
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    PLoS ONE
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    PsyArXiv
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      Europe PubMed Central
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      DOAJ; PLoS ONE
      Article . 2020
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      PLoS ONE
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      https://dspace.mit.edu/bitstre...
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      https://doi.org/10.31234/osf.i...
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      PLoS ONE
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3,164 Research products
  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Song, Kyungchul;

    Diffusion over a network refers to the phenomenon of a change of state of a cross-sectional unit in one period leading to a change of state of its neighbors in the network in the next period. One may estimate or test for diffusion by estimating a cross-sectionally aggregated correlation between neighbors over time from data. However, the estimated diffusion can be misleading if the diffusion is confounded by omitted covariates. This paper focuses on the measure of diffusion proposed by He and Song (2022, Preprint, arXiv:1812.04195v4 [stat.ME]), provides a method of decomposition analysis to measure the role of the covariates on the estimated diffusion, and develops an asymptotic inference procedure for the decomposition analysis in such a situation. This paper also presents results from a Monte Carlo study on the small sample performance of the inference procedure.

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    Econometric Theory
    Article . 2022
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    https://doi.org/10.48550/arxiv...
    Article . 2019
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      Econometric Theory
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      https://doi.org/10.48550/arxiv...
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  • image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Authors: Victoria Pringle; Erika N. Carlson; Richard Rau;
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Research ...arrow_drop_down
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    Journal of Research in Personality
    Article . 2023
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      Journal of Research in Personality
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    Authors: David C. Hill; Zafiro Andrade-Romo; Karla Solari; Ellithia Adams; +4 Authors

    AbstractGiven the magnitude of Venezuelan displacement in Latin America, there is a need to assess how migrants were, and will continue to be, addressed in COVID-19 vaccination policies. To explore migration status as a dimension of vaccine equity in Latin America and in relation to international human rights, we assessed national vaccination plans, peer-reviewed, and gray literature published between January 2020 and June 2021. Three key rights-related concerns were found to restrict the health rights of migrants in the region: 1) lack of prioritization of migrants in vaccine distribution; 2) onerous documentation requirements to be eligible for COVID-19 vaccination; and (3) how pervasive anti-migrant discrimination limited equitable health care access. While international human rights law prohibits against discrimination based on migration status, few countries analyzed realized their obligations to provide equal access to COVID-19 vaccines to non-citizens, including displaced Venezuelans. Especially for migrants and displaced people, effective and sustainable vaccination strategies for COVID-19 and future pandemics in Latin America must be guided not only by epidemiological risk but also seek to align with human rights obligations. To achieve this, States must also take special measures to facilitate vaccine access for communities facing systemic discrimination, exclusion, and marginalization.

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    PLOS Global Public Health
    Article . 2023
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    Article . 2023
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    Article . 2023
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      PLOS Global Public Health
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    Authors: James M. Nason; Gregor W. Smith;

    AbstractPhillips curves are central to discussions of inflation dynamics and monetary policy. The hybrid new Keynesian Phillips curve (NKPC) describes how past inflation, expected future inflation, and a measure of real aggregate demand drive the current inflation rate. This paper studies the (potential) weak identification of the NKPC under Generalized Method of Moments and traces this syndrome to a lack of higher‐order dynamics in exogenous variables. We employ analytic methods to understand the economics of the NKPC identification problem in the canonical three‐equation, new Keynesian model. We revisit the empirical evidence for the USA, the UK, and Canada by constructing tests and confidence intervals based on the Anderson and Rubin (1949) statistic, which is robust to weak identification. We also apply the Guggenberger and Smith (2008) LM test to the underlying NKPC pricing parameters. Both tests yield little evidence of forward‐looking inflation dynamics. Copyright © 2008 John Wiley & Sons, Ltd.

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    Journal of Applied Econometrics
    Article . 2008
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      Journal of Applied Econometrics
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Ruge-Murcia, Francisco;

    SummaryThis paper uses extreme value theory to study the implications of skewness risk for nominal loan contracts in a production economy. Productivity and inflation innovations are drawn from generalized extreme value distributions. The model is solved using a third‐order perturbation and estimated by the simulated method of moments. Results show that the data reject the hypothesis that innovations are drawn from normal distributions and favor instead the alternative that they are drawn from asymmetric distributions. Estimates indicate that skewness risk accounts for 12% of the risk premia and reduces bond yields by approximately 55 basis points. For a bond that pays 1 dollar at maturity, the adjustment factor associated with skewness risk ranges from 0.15 cents for a 3‐month bond to 2.05 cents for a 5‐year bond. Copyright © 2016 John Wiley & Sons, Ltd.

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    Journal of Applied Econometrics
    Article . 2016
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      Journal of Applied Econometrics
      Article . 2016
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    Authors: Sumeet Gulati; James Vercammen;

    In this paper, we present the economic determinants of the optimal length of a carbon offset contract. We find that because of a declining capacity of the soil to sequester carbon, the optimal length of the carbon contract is finite (the marginal benefit of remaining in the contract is declining over time, whereas marginal opportunity cost is rising). We also explore the effect of varying key parameter values on the optimal length in the contract. If the contract requires the farmer to sequester at a higher rate, the farmer chooses the contract for a shorter length of time, and this may decrease rather than increase social welfare. If society places a higher value on carbon accumulation, the contract is chosen for a longer length of time. Finally, if both the farmer and society have a higher discount rate, the model provides a somewhat surprising result. The overall time in the contract, and benefits from carbon accumulation are higher when the common discount rate is higher. Dans le present article, nous presentons les determinants economiques de la duree optimale d'un contrat de contrepartie de la fixation du carbone. Nous avons trouve qu'en raison de la diminution de la capacite du sol a sequestrer le CO2, la duree optimale du contrat de contrepartie du carbone est limitee (l'avantage marginal de la poursuite du contrat diminue avec le temps, tandis que le cout de renonciation marginal augmente). Nous avons egalement examine les repercussions de la variation des valeurs des parametres cles sur la duree optimale du contrat. Si le contrat exige que le producteur augmente le taux de sequestration du CO2, le producteur peut choisir de diminuer la duree du contrat, ce qui peut contribuer a diminuer le bien-etre collectif plutot qu'a l'augmenter. Si la societe accorde une grande valeur a l'accumulation du carbone, la duree du contrat est plus longue. Finalement, si le producteur et la societe disposent d'un taux d'escompte eleve, le modele donne des resultats quelque peu etonnants. La duree totale du contrat et les avantages lies a l'accumulation de carbone sont plus eleves lorsque le taux d'escompte courant est eleve.

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    Canadian Journal of Agricultural Economics/Revue canadienne d agroeconomie
    Article . 2005
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      Canadian Journal of Agricultural Economics/Revue canadienne d agroeconomie
      Article . 2005
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  • Authors: David M. Arseneau; Sanjay K. Chugh; André Kurmann;

    This paper clarifies the role of initial asset value constraints in Ramsey models of incomplete factor taxation. We show that the optimal long-run capital tax is zero in the long run if and only if there is no binding constraint on the initial capital tax rate. This finding contrasts with Armenter (2008) who argues that zero long-run capital taxes reappear in models of incomplete factor taxation as long as the government is barred from manipulating initial asset wealth. The reason for this difference is that the two constraints cannot both be binding at the same time. Hence, in Armenter’s (2008) analysis, the initial asset value constraint is necessarily more restrictive than the constraint on the initial capital tax rate.

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    Authors: Kasanda, Eva; Burbadge, Christine; Bildstein, Vinzenz; Turko, Josef; +3 Authors

    In this work, we propose a novel technique for in-vivo proton therapy range verification. This technique makes use of a small hadron tumour marker, $^{92}$Mo, implanted at a short known distance from the clinical treatment volume. Signals emitted from the marker during treatment can provide a direct measurement of the proton beam energy at the marker's position. Fusion-evaporation reactions between the proton beam and marker nucleus result in the emission of delayed characteristic $\gamma$ rays, which are detected off-beam for an improved signal-to-noise ratio. In order to determine the viability of this technique and to establish an experimental setup for future work, the Monte Carlo package GEANT4 was used in combination with ROOT to simulate a treatment scenario with the new method outlined in this work. These simulations show that analyzing the intensity of delayed $\gamma$ rays produced from competing reactions yields a precise measurement of the range of the proton beam relative to the marker, with sub-millimeter uncertainty.

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    https://doi.org/10.48550/arxiv...
    Article . 2020
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      https://doi.org/10.48550/arxiv...
      Article . 2020
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    Authors: Lazrak, Ali; Zhang, Jianfeng;

    We study pre-vote interactions in a committee that enacts a welfare-improving reform through voting. Committee members use decentralized promises contingent on the reform enactment to influence the vote outcome. Equilibrium promises prevent beneficial coalitional deviations and minimize total promises. We show that multiple equilibria exist, involving promises from high- to low-intensity members to enact the reform. Promises dissuade reform opponents from enticing the least enthusiastic reform supporters to vote against the reform. We explore whether some recipients of the promises can be supporters of the reform and discuss the impact of polarization on the total promises.

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    SSRN Electronic Journal
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    Authors: Mosleh, Mohsen; Pennycook, Gordon; Rand, David G.;

    There is an increasing imperative for psychologists and other behavioral scientists to understand how people behave on social media. However, it is often very difficult to execute experimental research on actual social media platforms, or to link survey responses to online behavior in order to perform correlational analyses. Thus, there is a natural desire to use self-reported behavioral intentions in standard survey studies to gain insight into online behavior. But are such hypothetical responses hopelessly disconnected from actual sharing decisions? Or are online survey samples via sources such as Amazon Mechanical Turk (MTurk) so different from the average social media user that the survey responses of one group give little insight into the on-platform behavior of the other? Here we investigate these issues by examining 67 pieces of political news content. We evaluate whether there is a meaningful relationship between (i) the level of sharing (tweets and retweets) of a given piece of content on Twitter, and (ii) the extent to which individuals (total N = 993) in online surveys on MTurk reported being willing to share that same piece of content. We found that the same news headlines that were more likely to be hypothetically shared on MTurk were also shared more frequently by Twitter users, r = .44. For example, across the observed range of MTurk sharing fractions, a 20 percentage point increase in the fraction of MTurk participants who reported being willing to share a news headline on social media was associated with 10x as many actual shares on Twitter. We also found that the correlation between sharing and various features of the headline was similar using both MTurk and Twitter data. These findings suggest that self-reported sharing intentions collected in online surveys are likely to provide some meaningful insight into what content would actually be shared on social media.

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    Europe PubMed Central
    Article . 2020
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    DOAJ; PLoS ONE
    Article . 2020
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    https://dspace.mit.edu/bitstre...
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    https://doi.org/10.31234/osf.i...
    Preprint . 2019
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    Article . 2020
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    PsyArXiv
    Preprint . 2019
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      Data sources: UnpayWall
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      Data sources: Crossref
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