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Faculty & Research

Handling Spillover Effects in Empirical Research: An Application using Credit Supply Shocks - Tobias Berg

12 Sep
2019
2:00 pm
Jouy-en-Josas
English

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2019-09-12T14:00:00 2019-09-12T15:15:00 Handling Spillover Effects in Empirical Research: An Application using Credit Supply Shocks - Tobias Berg Finance Speaker : Tobias Berg Buil. T - Room T104 Jouy-en-Josas

Finance

Speaker : Tobias Berg

Buil. T - Room T104

Despite their importance, the discussion of spillover effects in empirical research misses the rigor dedicated to endogeneity concerns. We show that i) even with random treatment, spillovers lead to an intricate bias in estimating treatment effects, ii) there is a trade-off between endogeneity and spillover concerns, iii) the practice of using individual level regressions to identify direct effects and aggregate level regressions to learn about spillover effects can lead to misleading conclusions. We develop a simple guidance for empirical researchers, apply it to a credit supply shock, and highlight differences in the results compared to current empirical practice.

 

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Participate

Add to Calendar
2019-09-12T14:00:00 2019-09-12T15:15:00 Handling Spillover Effects in Empirical Research: An Application using Credit Supply Shocks - Tobias Berg Finance Speaker : Tobias Berg Buil. T - Room T104 Jouy-en-Josas