Fear thy neighbor: Spillovers from economic policy uncertainty

Stealing VEGF from Thy Neighbor

The distribution and patterning of blood vessels is controlled by vascular endothelial growth factor (VEGF), which is precisely regulated throughout its life cycle. Okabe et al. show that VEGF is titrated away from the endothelium by adjacent neurons via endocytosis, regulating density and trajectory of blood vessels.

Output Spillovers from Fiscal Policy

In this paper, we estimate the cross-country spillover effects of government purchases on output for a large number of OECD countries. Following the methodology in Auerbach and Gorodnichenko (2012a, b), we allow these multipliers to vary smoothly according to the state of the economy and use real-time forecast data to purge policy innovations of their predictable components. We also consider th...

Don't love thy nearest neighbor

Learn From Thy Neighbor: Parallel-Chain Adaptive MCMC

Starting with the seminal paper of Haario, Saksman and Tamminen (Haario et al. (2001)), a substantial amount of work has been done to validate adaptive Markov chain Monte Carlo algorithms. In this paper we focus on two practical aspects of adaptive Metropolis samplers. First, we draw attention to the deficient performance of standard adaptation when the target distribution is multi-modal. We pr...

Learn From Thy Neighbor: Parallel-Chain and Regional Adaptive MCMC

Starting with the seminal paper of Haario, Saksman and Tamminen (Haario et al. (2001)), a substantial amount of work has been done to validate adaptive Markov chain Monte Carlo algorithms. In this paper we focus on two practical aspects of adaptive Metropolis samplers. First, we draw attention to the deficient performance of standard adaptation when the target distribution is multi-modal. We pr...