Daniele Girardi
Biographic Data
| ID | 4471809 |
|---|---|
| NAME | Daniele Girardi |
| GIVEN NAMES | Daniele |
| FAMILY NAME | Girardi |
| SIGNATURE | GIRARDI D |
| AFFILIATIONS | University of Massachusetts Amherst |
| ORCID | 0000-0002-3423-3174 |
| VERIFIED | Yes |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 22 |
| AUTHOR COUNT | 6 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2016 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 3 |
A Local Projections Approach to Difference‐in‐Differences
We propose a local projections (LPs)‐based difference‐in‐differences (DiD) approach that subsumes many of the recent solutions proposed in the literature to address possible biases arising from negative weighting. We combine LPs with a flexible “clean control” condition to define appropriate sets of treated and control units. Our proposed LP‐DiD estimator can be implemented with various weighting and normalization schemes for different target est…
The Neoclassical Theory of Aggregate Investment and its Criticisms
This paper surveys the neoclassical theory of aggregate investment and its criticisms. We identify four main strands in neoclassical investment theory: (i) the traditional Wicksellian model; (ii) the Fisherian ‘array-of-opportunities’ approach; (iii) the Jorgensonian model; (iv) the now prevailing adjustment cost models. We summarize each approach, discuss the main conceptual issues, and highlight similarities and differences between them. We als…
Expectations, authority and divergent market transitions
Over 35 countries have embarked on transitions from planned to market economies over the last forty years, with widely divergent outcomes and momentous political, institutional, and economic consequences. We argue that social expectations played a critical but underappreciated role in shaping transition outcomes. We present a formal model of market transition as an assurance game with two possible self-enforcing equilibria, economic collapse or s…
Partisanship and local fiscal policy: Evidence from Brazilian cities
Institution shocks and economic outcomes: Allende's election, Pinochet's coup and the Santiago stock market
Long-run Effective Demand in the US Economy: An Empirical Test of the Sraffian Supermultiplier Model
The Sraffian supermultiplier is a model of demand-led growth that stresses the importance of the autonomous components of aggregate demand (exports, public spending and autonomous consumption). This article tests empirically some major implications of the model employing macroeconomic data for the United States. In particular, we study the long-run relation between autonomous demand and output through cointegration analysis. The results suggest t…
Long-run Effective Demand in the US Economy: An Empirical Test of the Sraffian Supermultiplier Model
The Sraffian supermultiplier is a model of demand-led growth that stresses the importance of the autonomous components of aggregate demand (exports, public spending and autonomous consumption). This article tests empirically some major implications of the model employing macroeconomic data for the United States. In particular, we study the long-run relation between autonomous demand and output through cointegration analysis. The results suggest t…
Partisanship and local fiscal policy: Evidence from Brazilian cities
Institution shocks and economic outcomes: Allende's election, Pinochet's coup and the Santiago stock market
Long-run Effective Demand in the US Economy: An Empirical Test of the Sraffian Supermultiplier Model
The Sraffian supermultiplier is a model of demand-led growth that stresses the importance of the autonomous components of aggregate demand (exports, public spending and autonomous consumption). This article tests empirically some major implications of the model employing macroeconomic data for the United States. In particular, we study the long-run relation between autonomous demand and output through cointegration analysis. The results suggest t…
Institution shocks and economic outcomes: Allende's election, Pinochet's coup and the Santiago stock market
Partisanship and local fiscal policy: Evidence from Brazilian cities
A Local Projections Approach to Difference‐in‐Differences
We propose a local projections (LPs)‐based difference‐in‐differences (DiD) approach that subsumes many of the recent solutions proposed in the literature to address possible biases arising from negative weighting. We combine LPs with a flexible “clean control” condition to define appropriate sets of treated and control units. Our proposed LP‐DiD estimator can be implemented with various weighting and normalization schemes for different target est…
The Neoclassical Theory of Aggregate Investment and its Criticisms
This paper surveys the neoclassical theory of aggregate investment and its criticisms. We identify four main strands in neoclassical investment theory: (i) the traditional Wicksellian model; (ii) the Fisherian ‘array-of-opportunities’ approach; (iii) the Jorgensonian model; (iv) the now prevailing adjustment cost models. We summarize each approach, discuss the main conceptual issues, and highlight similarities and differences between them. We als…
Expectations, authority and divergent market transitions
Over 35 countries have embarked on transitions from planned to market economies over the last forty years, with widely divergent outcomes and momentous political, institutional, and economic consequences. We argue that social expectations played a critical but underappreciated role in shaping transition outcomes. We present a formal model of market transition as an assurance game with two possible self-enforcing equilibria, economic collapse or s…
Economics (5 works) · Political science (4 works) · Macroeconomics (3 works) · Politics (3 works) · Econometrics (2 works) · Economic Theory and Policy (2 works) · Finance (2 works) · Investment (military (2 works) · Law (2 works) · Law (2 works)