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SUMMARY:Frank Schorfheide (University of Pennsylvania)
DTSTART;TZID=Europe/Berlin:20251112T120000
DTEND;TZID=Europe/Berlin:20251112T131500
DTSTAMP:20260403T140742Z
UID:7a97b47c318840409494da8dc2088eca@www.econ.uni-bonn.de
CREATED:20250820T083502Z
DESCRIPTION:Using an administrative data set from Germany we estimate a fu
 nctional VAR to measure the response of the earnings distribution to a pro
 ductivity shock. We then replace the functional part of the VAR by cross-s
 ectional-unit-level income dynamics equations (csuVAR)\, discuss model pro
 perties and estimation. In the empirical application we compare the csuVAR
  responses to the fVAR results and discuss the pros and cons of the respec
 tive modeling approaches.
LAST-MODIFIED:20251027T083140Z
URL:https://www.econ.uni-bonn.de/macro/en/seminars/mef-seminar-winter-25-2
 6/frank-schorfheide-upenn
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TZID:Europe/Berlin
X-LIC-LOCATION:Europe/Berlin
BEGIN:STANDARD
DTSTART:20251026T020000
TZNAME:CET
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
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