• Publications
  • Influence
Instrument Relevance in Multivariate Linear Models: A Simple Measure
  • J. Shea
  • Review of Economics and Statistics
  • 1 March 1996
The correlation between instruments and explanatory variables is a key determinant of the performance of the instrumental variables estimator. The R2 from regressing the explanatory variable on theExpand
  • 917
  • 77
  • PDF
Union contracts and the life-cycle/permanent-income hypothesis
This paper isolates households in the PSID whose heads can be matched to particular long-term union contracts with high confidence. The author uses use published information on these contracts toExpand
  • 347
  • 21
Does Parents' Money Matter?
This paper asks whether parental income per se has a positive impact on children's human capital accumulation. Previous research has established that income is positively correlated acrossExpand
  • 365
  • 20
  • PDF
Myopia, Liquidity Constraints, and Aggregate Consumption: A Simple Test
This note conducts a simple test for myopia and liquidity constraints in aggregate U.S. consumption. The test exploits the fact that, under myopia, consumption should be equally sensitive toExpand
  • 137
  • 17
Complementarities and Comovements
Short-run interindustry comovement may be due either to common shocks or to complementarities that progagate shocks across sectors. This paper assesses the importance of input-output linkages,Expand
  • 168
  • 14
What Do Technology Shocks Do?
  • J. Shea
  • Economics
  • NBER Macroeconomics Annual
  • 1 January 1998
The real-business-cycle literature has largely ignored the empirical question of what role technology shocks actually play in business cycles. The observed procyclicality of total factor productivityExpand
  • 151
  • 9
  • PDF
Do Supply Curves Slope Up
This paper examines the short-run responses of price and quantity to exogenous demand shocks for disaggregated U. S. manufacturing industries, using prior information on input-output linkages toExpand
  • 126
  • 6
The Input-Output Approach to Instrument Selection
This article proposes a new method of selecting demand-shift instruments for disaggregated industries. I use prior information from input-output tables to identify industries whose outputExpand
  • 54
  • 5
Instrument Relevance in Multivariate Linear Models: A Simple Measure
The correlation between instruments and explanatory variables is a key determinant of the performance of the instrumental variables estimator. The R-squared from regressing the explanatory variableExpand
  • 49
  • 5
Instrument Relevance in Linear Models: A Simple Measure
  • 23
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