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	Provedor de dados AgEcon (1) Autor Caballero, Ricardo J. (1) Engel, Eduardo M.R.A. (1) Palavra-chave Adjustment hazard (1) Aggregate nonlinearities (1) E2 (1) J2 (1) J6 (1) Lumpy adjustment (1) Observed and unobserved gaps (1) Quadratic adjustment (1) Research Methods/ Statistical Methods (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 2004 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Three Strikes and You're Out: Reply to Cooper and Willis AgEcon Caballero, Ricardo J.; Engel, Eduardo M.R.A.. Cooper and Willis (2003) is the latest in a sequence of criticisms of our methodology for estimating aggregate nonlinearities when microeconomic adjustment is lumpy. Their case is based on “reproducing” our main findings using artificial data generated by a model where microeconomic agents face quadratic adjustment costs. That is, they supposedly find our results where they should not be found. The three claims on which they base their case are incorrect. Their mistakes range from misinterpreting their own simulation results to failing to understand the context in which our procedures should be applied. They also claim that our approach assumes that employment decisions depend on the gap between the target and current level of unemployment. This is... Tipo: Working or Discussion Paper Palavras-chave: Adjustment hazard; Aggregate nonlinearities; Lumpy adjustment; Observed and unobserved gaps; Quadratic adjustment; Research Methods/ Statistical Methods; E2; J2; J6. Ano: 2004 URL: http://purl.umn.edu/28498 Registros recuperados: 1 Primeira ... 1 ... Última

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