How Much Structure in Empirical Models?

How Much Insurance in Bewley Models?

The standard life-cycle incomplete-markets model, where households face idiosyncratic income shocks and trade a non-contingent asset, is a workhorse of quantitative macroeconomics. In this paper, we assess the degree of consumption insurance implicit in a plausibly calibrated version of the model, and we compare it to the data. On both actual and simulated data, we apply a technique recently de...

How Much Should We Trust Estimates from Multiplicative Interaction Models? Simple Tools to Improve Empirical Practice

Regressions with multiplicative interaction terms are widely used in the social sciences to test whether the relationship between an outcome and an independent variable changes depending on a moderator. Despite much advice on how to use interaction models, two important problems are currently overlooked in empirical practice. First, multiplicative interaction models are based on the crucial ass...

Who Smokes and How Much ? - Empirical Evidence for Germany

Optimal Aminoglycoside Therapy Following the Sepsis: How Much Is Too Much?

Severe sepsis and septic shock are major problems as the result of high rates morbidity andmortality in intensive care units (ICUs). In the presence of septic shock, each hour of delay inthe administration of effective antibiotics is associated with a measurable increase in mortality.Aminoglycosides are effective broad-spectrum antibiotics that are commonly used in ICUs forthe treatment of life...

Optimal Aminoglycoside Therapy Following the Sepsis: How Much Is Too Much?

Severe sepsis and septic shock are major problems as the result of high rates morbidity andmortality in intensive care units (ICUs). In the presence of septic shock, each hour of delay inthe administration of effective antibiotics is associated with a measurable increase in mortality.Aminoglycosides are effective broad-spectrum antibiotics that are commonly used in ICUs forthe treatment of life...