most citedArellano-Bond LASSO Estimator for Dynamic Linear Panel Models

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econ.EM2026

Estimating Network Spillovers under Dense Measurement Error

Yingxing Li, Aureo De Paula, Weining Wang

This paper analyzes spillover effects in spatial (network) models when the neighborhood (adjacency) matrix is contaminated by measurement error from reporting, aggregation, or disc…

econ.EM2026

Plausible GMM: A Quasi-Bayesian Approach

Victor Chernozhukov, Christian B. Hansen, Lingwei Kong +1

Structural estimation in economics often makes use of models formulated in terms of moment conditions. While these moment conditions are generally well-motivated, it is often unkno…

econ.EM20261 cited

Arellano-Bond LASSO Estimator for Dynamic Linear Panel Models

Victor Chernozhukov, Iván Fernández-Val, Chen Huang +1

The Arellano-Bond estimator is a fundamental method for dynamic panel data models, widely used in practice. It can be severely biased when the time series dimension of the data, $T…

econ.EM2026

Transformer-based CoVaR: Systemic Risk in Textual Information

Junyu Chen, Tom Boot, Lingwei Kong +1

Conditional Value-at-Risk (CoVaR) quantifies systemic financial risk by measuring the loss quantile of one asset, conditional on another asset experiencing distress. We develop a T…

econ.EM2024

Beta-Sorted Portfolios

Matias D. Cattaneo, Richard K. Crump, Weining Wang

Beta-sorted portfolios -- portfolios comprised of assets with similar covariation to selected risk factors -- are a popular tool in empirical finance to analyze models of (conditio…

econ.EM2024

Conditional nonparametric variable screening by neural factor regression

Jianqing Fan, Weining Wang, Yue Zhao

High-dimensional covariates often admit linear factor structure. To effectively screen correlated covariates in high-dimension, we propose a conditional variable screening test bas…