We develop an algorithm to construct approximate decision rules that are piecewise-linear and continuous for DSGE models with occasionally-binding constraint. The functional form of the allows us derive a conditionally optimal particle filter (COPF) evaluation likelihood function exploits structure solution. document accuracy approximation embed it into Markov chain Monte Carlo conduct Bayesian...

Scholars have long suspected that people behave differently when their actions will be observed by or revealed to others. We hypothesize financial reporting reveals managers' lead managers take better align with investor interests. test this hypothesis an experiment in which we manipulate the availability of a report managerial actions. Our evidence shows leads manager choose reinvestment and r...

New immigrants have already changed Philadelphia's cultural scene—particularly in urban neighborhoods. This brief uses three types of evidence— a small-area database of cultural participation, a survey of residents of North Philadelphia and Camden, NJ, and a survey of artists living or working in the metropolitan area—to explore migrant cultural engagement. Taken together, SIAP’s evidence on ar...

Green incentives are included in the “American Recovery and Reinvestment Act of 2009” (ARRA). It is, however, unclear how these government incentives can be carried out most effectively according to market-based principles and if they can serve as a catalyst for an accelerated green transformation and an ultimate solution to the current U.S. and global economic and financial crisis. The article...

In this paper we study risk and liquidity management decisions within an insurance firm. Risk management corresponds to decisions regarding proportional reinsurance, whereas liquidity management has two components: distribution of dividends and costly equity issuance. Contingent on whether proportional or fixed costs of reinvestment are considered, singular stochastic control or stochastic impu...

Understanding the benefits of electronic prescribing systems has important implications for quality and efficiency in medical care. We surveyed physicians about their use of e-prescribing in outpatient practices. We found that physicians who use e-prescribing systems integrated into an electronic health record have different characteristics, usage patterns, perceived benefits, and levels of sat...

Developing state- and nationwide health information exchange (HIE) is one of the health priorities defined in the American Recovery and Reinvestment Act. States are expected to take leadership in statewide planning and implementation. To balance limited resources among mandated responsibilities and emerging HIE accountability, we maintain that state public health practitioners must integrate HI...

and resources and as a gateway to better health outcomes more broadly, not just as a way to reduce prescription errors. President Obama provided the most recent rationale for EHRs when he linked them to job creation, mostly from sales of e-health software and hardware. The President’s support of EHRs catapulted previously landlocked congressional legislation onto the deck of the fast-moving sti...

The American Recovery and Reinvestment Act mandates "meaningful use" of an electronic health record (EHR) to receive current financial incentives and to avoid future financial penalties. Surgeons' ongoing adoption of an EHR nationally will be influenced by the early experiences of institutions that have made the transition from paper to electronic records. We conducted a survey to query surgeon...