Three strikes and research is out

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Three Strikes and You’re Out: Reply to Cooper and Willis

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....

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ژورنال

عنوان ژورنال: Science

سال: 2016

ISSN: 0036-8075,1095-9203

DOI: 10.1126/science.352.6289.1138