Federal Reserve Bank of Richmond: 'Estimating the Missing Intercept'
November 19, 2025
November 19, 2025
RICHMOND, Virginia, Nov. 19 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following white paper (No. 25-12) in November 2025 by Christian Matthes, Naoya Nagasaka and Felipe F. Schwartzman entitled "Estimating the Missing Intercept."
Here are excerpts:
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Cross-sectional data have proven to be increasingly useful for macroeconomic research. However, their use often leads to the 'missing intercept' problem in which aggreg . . .
Here are excerpts:
* * *
Cross-sectional data have proven to be increasingly useful for macroeconomic research. However, their use often leads to the 'missing intercept' problem in which aggreg . . .