Using a multilevel Hurdle model with month and state random effects, vehicle ownership trends are separately modeled for car-owning and carless households within the same modeling framework, while accounting for endogeneity and unobserved heterogeneity.
Topic
stimulus
One thing we agree on – How the American public views the economic crisis
Survey results showed that the public shares widespread agreement regarding the state of the economy and what the response to joblessness should be.
If we don’t receive stimulus, ‘we’re going back into recession’: economist
Mark Zandi, Moody's Analytics Chief Economist, joins The Final Round to discuss his thoughts on what’s driving the markets, how investors should be thinking about the July jobs report and the impact of a stalling stimulus plan might have on the economy. Professor...