Manuel Arellano
Professor of Econometrics
CEMFI
- Casado
del Alisal 5 - 28014 Madrid - Spain
e-mail: arellano [at] cemfi.es
Links
Links to Conferences
EEA-ESEM, Manchester,
26-30 August 2019
European
Winter
Meeting of
the
Econometric Society, Rotterdam, 16-17 December
2019
European Job
Market, EEA, Rotterdam, 18-19 December 2019
Simposio de la
Asociación Española de Economía, Alicante, 12-14
December
2019
Old
conferences
Research Papers
"Recovering Latent Variables by Matching"
(with Stéphane Bonhomme). January 2018.
"Nonlinear
Persistence and Partial Insurance: Income and Consumption Dynamics in
the PSID" (with Richard Blundell and Stéphane Bonhomme). American Economic Review, Papers and
Proceedings, 108, 2018, 281-286.
"Nonlinear Panel Data Methods for Dynamic
Heterogeneous Agent Models" (with Stéphane Bonhomme).
Appeared in Annual
Review of Economics, 9, 2017, 471-496.
"Earnings and Consumption Dynamics: A
Nonlinear Panel Data Framework" (with Richard Blundell and
Stéphane
Bonhomme). Supplementary
Appendix. We develop a new quantile-based
panel data framework to
study
the nature of income persistence and the transmission of income shocks
to consumption. Using PSID data we find nonlinear persistence and
conditional skewness to be key features of the earnings process. We
show that the impact of earnings shocks varies substantially across
earnings histories, and that this nonlinearity drives heterogeneous
consumption responses. ES
Presidential Address, Toulouse, August 2014. Appeared in Econometrica,
85, 2017, 693-734.
"Quantile Selection Models with an
Application to Understanding Changes in Wage Inequality"
(with Stéphane Bonhomme). Supplementary
Appendix. We propose a method to
correct quantile regression estimates for sample selection, and apply
it to study wages and employment in the
UK. Appeared in Econometrica,
85, 2017, 1-28.
"Sample Selection in
Quantile Regression: A Survey" (with Stéphane Bonhomme)
September 2016. Prepared
for the Handbook of Quantile
Regression, edited by Roger Koenker, Victor Chernozhukov, Xuming
He, and Limin Peng. This paper contains the code for the
selection-corrected quantile
regression
estimator.
"Instrumental Variable Quantile
Regressions in Large Panels with Fixed Effects" (with Martin
Weidner). We characterize the incidental parameter bias of QR and
instrumental-variable QR estimators. We find bias correcting moment
functions that are first-order unbiased. We uncover a bias-variance
trade-off when attempting to correct bias, and provide bias corrected
estimators that balance this trade-off. Delete-one Jackknife is not
first-order bias correcting in QR due to the fact that the second-order
bias has a non-standard structure. An approximation to the leading
order bias suggests that the incidental parameter bias would tend to
average effects across quantiles. In an application we study the effect
of age on academic achievement of school children. When controlling for
school fixed effects and correcting for incidental parameter bias we
find that the age effect is decreasing in the quantiles of the test
score. Paper coming soon.
"Nonlinear Panel Data Estimation via
Quantile Regressions"
(with Stéphane Bonhomme). We introduce a class of
quantile regression estimators for short panels. Our framework covers
static and dynamic autoregressive models, models with general
predetermined variables, and models with multiple individual effects.
We use quantile regression as a flexible tool to model the
relationships between outcomes, covariates, and heterogeneity. Appeared
in Econometrics Journal,
19, 2016, C61-C94.
"Uncertainty,
Persistence, and Heterogeneity: A Panel Data Perspective", Journal of the European Economic
Association, 12, 2014,
1127-1153.
"Underidentification?"
(with Lars Peter Hansen and Enrique Sentana). Appeared in Journal of Econometrics, 170, 2012,
256-280.
Earlier
material: Presidential
Address at SAE, Sevilla, December 11, 2003. July 1999 version.
"Identifying Distributional Characteristics
in Random Coefficients Panel Data Models" (with
Stéphane Bonhomme). Appeared in Review of Economic Studies, 79,
2012.
Earlier version: CEMFI
Working
Paper no. 0904, July 2009. Supplementary
Appendix. We are interested in the heterogeneous effect of x on y,
when x is endogenously selected. We show how to nonparametrically
identify and estimate the distribution of the effect from panel data,
and apply our method to study the effect of smoking during pregnancy on
weight at birth.
"Nonlinear Panel Data Analysis"
(with Stéphane Bonhomme). Appeared in Annual Review of Economics, 3,
2011.
"Robust Priors in Nonlinear Panel Data Models"
(with Stéphane Bonhomme). Appeared in Econometrica, 77, 2009. Supplementary
Appendix. Robust
Priors for Average Marginal Effects: Comment.
"The Choice between Public and Private
Schools with or without Subsidies in Spain" (with Gema Zamarro).
May 2007. Slides.
"A
Likelihood-Based Approximate Solution to the Incidental Parameter
Problem in Dynamic Nonlinear Models with Multiple Effects" (with
Jinyong Hahn) ( October
2006 version. Supplementary
Appendix). Appeared in Global
Economic Review, 45, 2016.
"Understanding
Bias in Nonlinear Panel Models: Some Recent Developments"
(with
Jinyong Hahn), Invited Lecture, Econometric Society World Congress,
London, August 2005. Appeared in R. Blundell, W. Newey, and T. Persson
(eds.): Advances in Economics and
Econometrics, Ninth World Congress, Volume III, Cambridge
University Press, 2007, 381-409. Slides. July 2005 version.
"Robust
Likelihood Estimation of Dynamic Panel Data Models" (with
Javier Alvarez), CEMFI Working Paper no. 0421, 2004.
"GMM Estimation from Incomplete and
Rotating Panels" (with Pedro Albarran). First draft:
February 2004. This draft: January 2019. To appear in Annals of Economics and Statistics,
Special issue on Panel Data Econometrics.
"Paro y
prestaciones:
nuevos resultados para España" (with Samuel Bentolila
and Olympia Bover), Banco de España, Documento
Ocasional no. 0410. Appeared in: J.Pérez,
C.Sebastián, and P.Tedde (eds.): Políticas, Mercados
e Instituciones Económicas, Estudios en Homenaje a Luis
Ángel Rojo, Volume 1, Editorial Complutense, Madrid, 2004.
"Modelling
Optimal Instrumental Variables for Dynamic Panel Data Models",
Econometrics Invited Lecture, European Meeting of the Econometric
Society, Venice, August 2002. CEMFI Working Paper no. 0310. Appeared
in Research in Economics, 70,
2016.
"Sargan's
Instrumental Variable Estimation and GMM", CEMFI Working Paper
no. 0110, 2001. Appeared in Journal of Business & Economic
Statistics, 20, 2002. This paper surveys the work of Denis Sargan
on instrumental variable estimation and its connections with the
generalized method of moments.
"Discrete
Choices with Panel Data", Investigaciones Económicas
Lecture, XXV Simposio de Análisis Económico, Bellaterra,
December 2000. Appeared in Investigaciones Económicas,
27, 2003. Addendum: "The Cox-Reid
modified score: a comment". December 2000
version.
"Panel Data Models:
Some Recent Developments" (with Bo
Honoré), prepared for J. Heckman and
E. Leamer (eds.): Handbook of Econometrics, Volume 5, 2001.
(CEMFI Working Paper no. 0016.)
"Learning
About Migration Decisions From the Migrants" (with Olympia
Bover), Banco de España, Servicio de Estudios, Working Paper no.
9908. Appeared in Journal of Population Economics, 15, 2002.
Awarded the Kuznets
Prize for the best article published in the Journal of
Population Economics during the period 2001-2003. March 1999
version.
"The
Time
Series and Cross-Section Asymptotics of Dynamic Panel Data Estimators"
(with Javier Alvarez) (Old version: CEMFI Working Paper no. 9808).
Appeared in Econometrica, 71, 2003.
"The
Distribution of Earnings in Spain During the 1980s: The Effects of
Skill, Unemployment, and Union Power" (with Olympia Bover and
Samuel Bentolila), Banco de España, Servicio de Estudios,
Working Paper no. 0015. Appeared in D. Cohen, T. Piketty and G.
Saint-Paul (eds.): The Economics of Rising Inequalities, Oxford
University Press and CEPR, 2002.
"Binary
Panel Data Models with Predetermined Variables" (with Raquel
Carrasco), CEMFI Working Paper no. 9618. Appeared in Journal of
Econometrics,
115, 2003.
"Unemployment
Duration, Benefit Duration, and the Business Cycle" (with
Olympia Bover and Samuel Bentolila). (Old versions: CEMFI Working Paper no. 9717 ;
and CEPR Discussion Paper no. 1840.) Appeared in The Economic
Journal, 112, 2002.
"Symmetrically Normalized
Instrumental-Variable Estimation Using Panel Data" (with
César Alonso-Borrego). March
1998 Pre-publication version. Appeared in Journal of Business & Economic Statistics, 17,
1999.
"Autoregressive Models with Sample
Selectivity for Panel Data" (with Olympia Bover and
José M. Labeaga). In C. Hsiao, K. Lahiri, L-F. Lee, and H.
Pesaran (eds.): Analysis of
Panels and Limited Dependent Variable Models, Chapter 2,
Cambridge University Press, 1999, 23-48.
"Estimating Dynamic Limited Dependent
Variable Models from Panel Data" (with Olympia Bover). Investigaciones Económicas,
21, 1997, 141-165.
"Another Look at the Instrumental-Variable
Estimation of Error-Components Models" (with Olympia Bover).
Journal of Econometrics, 68,
1995, 29-51.
"Female Labour Force Participation in the
1980's: The Case of Spain" (with Olympia Bover). Investigaciones Económicas,
19, 1995, 171-194.
"Panel Data Models with Predetermined
Instruments". Review of Economic Studies Lecture, Royal
Economic Society Conference, University of Kent, 1995.
"On the Testing of Correlated Effects with
Panel Data". Journal of
Econometrics, 59, 1993, 87- 97.
"Female Labour Supply & On-the-Job
Search: An Empirical Model Estimated Using Complementary Data Sets"
(with Costas Meghir). Review of
Economic Studies, 59, 1992, 537-559.
"On Exogeneity and Identifiability".
Investigaciones Económicas,
16, 1992, 401-409.
"Some Tests of Specification for Panel Data:
Monte Carlo Evidence and an Application to Employment Equations"
(with Steve Bond). Review of
Economic Studies, 58, 1991, 277-297.
"Testing for Autocorrelation in Dynamic
Random Effects Models". Review
of Economic Studies, 57, 1990, 127-134.
"Imhof Approximations to Econometric
Estimators" (with J. Denis Sargan). Review of Economic Studies, 57,
1990, 627- 646.
"Labour Supply and Hours Constraints"
(with Costas Meghir). In J-P. Florens, M. Ivaldi, J-J Laffont, and F.
Laisney (eds.): Microeconometrics:
Surveys and Applications, Chapter 9, Blackwell, Oxford, 1990,
213-230.
"La Econometría de Datos de Panel"
(with Olympia Bover). Investigaciones
Económicas, 14, 1990, 3-45.
"An Efficient GLS Estimator of Triangular
Models with Covariance Restrictions". Journal of Econometrics, 42, 1989,
267-273.
"On the Efficient Estimation of Simultaneous
Equations with Covariance Restrictions". Journal of Econometrics, 42, 1989,
247-265.
"A Note on the Anderson-Hsiao Estimator for
Panel Data". Economics
Letters, 31, 1989, 337-341.
"An Alternative Transformation for Fixed
Effects Models with Predetermined Variables". Applied
Economics Discussion Paper 57, IES, Oxford, 1988.
"Computing Robust Standard Errors for
Within-Group Estimators". Oxford
Bulletin of Economics and Statistics, 49, 1987, 431-434.
"Estimating Contaminated Limited
Dependent Variable Models" (with Olympia Bover). Applied
Economics Discussion Paper 11, IES, Oxford, 1986.
"Estimation of Dynamic Random
Effects Models with Serially Correlated Time-Varying Errors".
Paper presented at the 1983 European Meeting of the Econometric
Society, Pisa, Italy, August 29.
"Causalidad y Exogeneidad en
Econometría" (with Jaume García Villar). Cuadernos Económicos de ICE,
24, 1983, 81-102.
"Estimation
and Testing of Dynamic
Econometric Models from Panel Data". Ph.D. Thesis, London
School of Economics, 1985.
Panel
Data Econometrics, Oxford University Press: Advanced Texts in
Econometrics, 2003.
Table
of Contents, Summaries
of Chapters, Errata.
Estimating and Testing VARs for Firm Employment and Wages (Section
6.7): DPD data
files are in CAlonMA.zip.
Estimating the Effect of Fertility on Female Labour Participation
(Section 8.6): DPD
data files are in RCarrCh.zip.
Other data
(In "Modelling
Optimal Instrumental Variables for Dynamic Panel Data Models",
CEMFI WP 0310)
VAR for Firm Panel Data (longer panel, section
8.1): DPD data
files
are in BovWatSIV.zip.
Estimating Country Growth Convergence Rates (section 8.3): DPD data files are in GrowthSIV.zip.
St Dominic and
the Albigenses: A 1480 painting by Pedro Berruguete of St Dominic
checking for heresy by burning books
(Museo del Prado).
Discussions
Comments on
"Determinants of Long-Term Growth: A Bayesian Averaging of Classical
Estimates Approach" by Doppelhofer, Miller, and Sala-i-Martin,
CREI/European Commission Workshop, UPF, Barcelona, June 5, 2000.
Comments on
"Marginal Mean Models for Dynamic Regimes" by Murphy, van der Laan,
Robins, and CPPRG, The Ninth International Conference on Panel
Data, Geneva, June 22, 2000.
Endogeneity
and Instruments in Nonparametric Models, Comments to papers by
Darolles, Florens & Renault, and Blundell & Powelll,
Econometric Society 8th World Congress, Seattle, August 11, 2000.
Revised: October
2001. Appeared in M. Dewatripont, L. P. Hansen, and S. J.
Turnovsky (eds.): Advances in Economics and Econometrics, Eighth
World Congress, Volume 2, Cambridge University Press, 2003. August 2000
slides. Revised:
October
2001.
Comments on
"A Cross-Country Comparison of Labor Market Frictions" by G. Ridder and
G. van den Berg, Banco de Portugal Conference on Labor Market
Institutions and Economic Outcomes, Cascais, June 4, 2001.
Comments on
"The Returns to Job Mobility during the Transition: Evidence from Czech
Retrospective Data" by D. Münich, J. Svejnar, and K. Terrell,
CREI Conference on Unemployment in Transition Economies, UPF,
Barcelona, October 27, 2001.
Comments on
"Wage Bargaining with On-the-job Search: A Structural Econometric
Model" by P. Cahuc, F. Postel-Vinay, and J.-M. Robin, Banco de
Portugal Conference on Labour Market Reform, Santa Maria do Bouro, June
1, 2003.
Comments on
"Is Tomorrow Another Day? The Labor Supply of New York City Cab
Drivers" by Henry S. Farber, 1st International Conference on
Advances in Economic Research, Universidad de Navarra, Pamplona,
October
24, 2003.
Comments
on "Research, Innovation and Productivity in Four European Countries"
by R. Griffith, E. Huergo, J. Mairesse, and B. Peters, 5th
Meeting of Group on Innovation and Employment in European Firms,
Universidad
Carlos III de Madrid, June 25, 2004.
Comments on
"The Effect of College Curriculum on Earnings: Accounting for
Non-Ignorable Non-Response Bias" by D. Hamermesh and S. Donald,
Banco de Portugal Conference on European Labour Markets and Education,
Quinta do Lago, May 21, 2005.
Comments
on “Evaluation of
Currency Regimes: The Unique Role of Sudden Stops” by Assaf Razin and
Yona
Rubinstein, 41st Economic Policy Panel Meeting, European Investment
Bank, Luxembourg, April 16, 2005. Appeared in Economic Policy,
45, 2006.
Comments
on “Has the
Inflation Process Changed?” by Stephen Cecchetti and Guy Debelle,
42nd Economic Policy Panel Meeting, Bank of England, London, October
21, 2005. Appeared in Economic
Policy, 46, 2006.
Comments
on "New Evidence on the Causal Link between the Quantity and Quality of
Children" by J. Angrist, V. Lavy, and A. Schlosser, and "Dynamic Models
for Policy Evaluation" by Costas Meghir, CREST Conference on
Econometric Evaluation of Public Policies: Methods and Applications,
Paris, December 15, 2005.
Comments
on “FDI and the
Dark Side of Decentralization” by Sebastian Kessing, Kai Konrad, and
Christos Kotsogiannis,
43rd Economic Policy Panel Meeting, Oesterreichische Nationalbank,
Vienna, April
22, 2006. Appeared in Economic Policy,
49, 2007.
Comments
on "Two Problems of Partial Identification with Panel Data" by C. Manski,
13th Conference on Panel Data, Cambridge, July 8, 2006.
Comments
on “Should we
have a WTO for International Migration” by Timothy J. Hatton,
44th Economic Policy Panel Meeting, Bank of Finland, Helsinki, October
21, 2006. Appeared in Economic Policy,
50, 2007.
Discussion:
"Panel Data Analysis - Advantages and Challenges" by Cheng Hsiao,
November 2006. Appeared in: Test, Journal of the Spanish
Statistical Society, 16, 2007.
Comments
on "Consumption and Investment Motives in Housing Wealth Accumulation
of Spanish Households" by Arrondel, Badenes, and Spadaro, Banco de
España Conference on Household Finances and Housing Wealth,
Madrid, April 24, 2007.
Comments
on "Quasi-Experimental Evidence on the Effects of Unemployment
Insurance from New York State" by Bruce Meyer and Wallace Mok,
Banco de Portugal Conference on Unemployment, Quinta do Lago, June 10,
2007.
Comments
on “Micro and Macro Elasticities in a Life Cycle Model With Taxes” by
Richard Rogerson and Johanna Wallenius, Conference
on the Macroeconomics of Labor Markets in the US and Europe,
Fundación Ramón Areces, Madrid, May 10, 2008.
Comments on
"Compensating Wage Differentials for the Timing of Work: Continuous
versus Split Work Shifts in Spain" by Catalina Amuedo-Dorantes and Sara
de la Rica, COSME Workshop, Banco de España, Madrid, June 1,
2009.
Comments
on "IV quantile regression for group-level treatments, with an
application to the distributional effects of trade" by Denis
Chetverikov, Brad Larsen, and Christopher Palmer, Interactions:
Bringing Together Econometrics and Applied Microeconomics, University
of Chicago, September 25, 2015.
Comments
on "Earnings Dynamics, Mobility Costs, and Transmission of Firm and
Market-Level Shocks" by Thibaut Lamadon, Magne Mogstad, and Bradley
Setzler, The Welfare State and the Labour Market: Micro meets
Macro, Institute for Fiscal Studies, London, March 23, 2017.
Comments
on "Dissecting Idiosyncratic Income Risk" by Elin Halvorsen, Hans
Holter, Serdarn Ozkan, and Kjetil Storesletten, 2nd Annual Research
Conference of Banco de España: Taxes and Transfers, Madrid,
September 4, 2018.
Other Writings
El
acceso a los microdatos administrativos públicos: la nueva
frontera de la investigación económica y social, XVIII Aula de Verano “Ortega y Gasset”,
UIMP, Santander, 20-21 Agosto 2018.
Choosing
to be a social scientist in the 21st century. Advice for economists
who start their careers in academia, 23rd Spring Meeting of Young
Economists, Palma de Mallorca, 1 June 2018.
Econometría
de la desigualdad: de la persona promedio a la persona cuantil.
Publicado en: Jaume García, José Manuel
González-Páramo y Anna Matas (directores): Análisis empíricos sobre la
economía española. Ensayos en homenaje a Josep
Lluís Raymond Bara, Funcas, Thomson Reuters Aranzadi,
2017.
Premio
a un gran empiricista, Fundación Ramón Areces,
Madrid, 11 Noviembre 2015.
Annual
Report of the President, Econometric Society, November 2015.
Quantile
Response and Panel Data, Africa Region Training Workshop,
Econometric Society, Lusaka, July 22, 2015.
Experimental
Economics: What have we learned? A Comment, Barcelona GSE Economics
"Trobada", October 2014.
Choosing
to be a social scientist in Spain, COSME Newsletter, December 2013.
La
renta de los hogares españoles en el preludio de la crisis
(con O. Bover). Publicado en: M. Lucena y R. Repullo (eds.): Ensayos sobre Economía y
Política Económica: Homenaje a Julio Segura,
Antoni Bosch editor, Barcelona, 2013.
La
burbuja inmobiliaria: causas y responsables (con S. Bentolila), La Crisis de la Economía
Española: Lecciones y Propuestas, FEDEA, 2009. Artículo
en El País, 22 de
febrero de 2009.
The Euro
Area
Household Finance and Consumption Project: Discussion,
ECB-CFS Conference, Frankfurt, September 4, 2008.
Comments on
Publishing in Economics, Women in Economics (WinE) Workshop on
Successful Publishing, EEA-ESEM, Budapest, August 2007.
Empirical
Evaluation of Public Policies: The Pursuit of Causality, HPE/REP
Lecture, XII Encuentro de
Economía Pública, Palma de Mallorca, 4
February 2005.
The
origins of the Econometric Society in Spain, February 2005.
Instrumentos
óptimos en el análisis de datos de panel con una
aplicación a los determinantes del crecimiento económico,
Conferencia inaugural, VI Encuentro de Economía Aplicada,
Granada, 5 de junio de 2003.
Matching, Body
Weight, and the Academic Success of CEMFI Students. A skit (in
Spanish) on a Master's thesis project, Skit Show, CEMFI, 29 April 2003.
La
Medición Empírica en el Análisis Económico
y Social, Conferencia, Semana de la Ciencia Madrid 2002,
Universidad de Alcalá, 6 de noviembre de 2002.
Lagrange
Multiplier Test, Entry for An Eponymous Dictionary of Economics,
J. Segura and C. Rodríguez Braun (eds.), Edward Elgar, 2004.
Nobel 2000,
Artículo en El País, 12 de octubre de 2000.
Al filo del
cese de un investigador (con S. Bentolila), Artículo en El
País, 4 de julio de 1998.
Introducción
al
Análisis Econométrico con Datos de Panel. In
J.
J. Dolado, C. Martín and L. R. Romero (eds.): La industria y el comportamiento de las
empresas españolas: Ensayos en homenaje a Gonzalo Mato,
Chapter 1, Alianza Editorial, Madrid, 1993, 23-47.
Moment
Testing with non-ML Estimators, unpublished manuscript, LSE, May
1991.
Review
of C. F. Manski, Analog Estimation
Methods in Econometrics, The
Economic Journal, 99, December 1989, p. 1244.
Second
Order Imhof Approximations to General Distribution Functions (with
J. D. Sargan), incomplete manuscript, LSE, January 1987.
DPD
"Dynamic
Panel Data Estimation Using DPD - A Guide for Users" by Manuel
Arellano and Steve Bond. Institute for Fiscal Studies Working Paper
88/15, London, 1988.
DPD98 for Gauss
"Dynamic Panel
Data Estimation Using DPD98 for Gauss" by Manuel Arellano and
Stephen Bond, December 1998.
You can download two ZIP-files dpd98.zip and xdata.zip. This
is not yet the final version but it is close to it.
The file dpd98.zip contains DPD98.RUN, DPD98.PRG and DPD98.FNS.
The file xdata.zip contains XDATA.DAT, XDATA.DHT, AUXDATA.DAT and
AUXDATA.DHT, which are the example data files described in the manual.
DPD
for Ox
"Panel
Data Estimation Using DPD for Ox"
by Jurgen A. Doornik, Manuel Arellano, and
Stephen Bond, June 1999.
Course Materials
Econometrics
- class notes
Microeconometrics
Program
Evaluation Methods
Panel
Data
Econometrics
Nonlinear Panel Data Lectures
Class Notes
Regression
Maximum
Likelihood
Bayesian
Analysis
Time Series
Regression
with Time Series
Instrumental
Variables in a Market Model
Instrumental
Variables
Generalized
Method of Moments and Optimal Instruments
GMM with
Nonsmooth Moments
Cluster-robust
standard errors
Econometric Methods of Program
Evaluation
Static
Panel Data Models
Dynamic
Panel Data Models I: Covariance Structures and Autoregressions
Dynamic
Panel Data Models II: Lags and Predetermined Variables
Estimating
and Testing VARs for Firm Employment and Wages
Linear
Panels and Random Coefficients
What
does the Arellano-Bond estimator do?
Nonlinear
Panel Data Models
Binary
Models with Endogenous Explanatory Variables (
Slides)
LATE
in Binary Choice
Duration
Models
Quantile
Methods
Tobit and
Selection Models (Slides)
Econometrics of
Survey Data
Some Pictures
|
At
ESEM 1983 in Pisa with Denis Sargan
|
Burgazada,
2008 |
In
Madrid with Rafa and Zvi Griliches, 1996
|
First
PhD defense CEMFI-UIMP, 2009
|
| At UIMP,
Sevilla, 1999 |
Talking
econometrics with Stéphane, 2010 |
| At
CEMFI
Xmas Party with Michael, 2000 |
Getting
a PhD, 2011 |
| At
CEMFI with
Ph.D.
Students, 2004 |
Premio
Rey Jaime I, Valencia, 2012 |
| Doctoral
lunch
at UC3M, 2005 |
At ESEM 2014 in
Toulouse with Richard |
At
Nuffield with Steve and students, 2006
|
ES African Meeting,
Addis Ababa 2014
|
EEA
Executive Committee, Milan, 2007
|
Barcelona GSE
Trobada 2014 |
| Student project
presentations, CEMFI, 2008 |
Africa
Region Training Workshop, Lusaka 2015 |
| Cartoon,
1979 |
Conference
in Honor of Gary Chamberlain, 2018
|
