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English | 1969-05 | Working or Discussion Paper |
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We consider the fractional cointegrated vector autoregressive (CVAR) model of Johansen and Nielsen (2012a) and make two distinct contributions. First, in their con- siste [...]
English | 2018-05 | Working or Discussion Paper |
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When there are few treated clusters in a pure treatment or difference-in-differences setting, t tests based on a cluster-robust variance estimator (CRVE) can severely ove [...]
English | 2018-03 | Working or Discussion Paper |
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We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and negotiation model, we characterize the welfare impa [...]
English | 2018-03 | Working or Discussion Paper |
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This paper studies the integration of deposit and loan markets, which may be constrained by the geographic dispersion of depositors, borrowers, and banks. This dispersion [...]
English | 2017-11 | Working or Discussion Paper |
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We study the impact of an investigation into collusion and corruption to learn about the organization of cartels in public procurement auctions. Our focus is on Montreal [...]
English | 2018-02 | Working or Discussion Paper |