Bibliography Definition The purpose of the discussion is to interpret and describe the significance of your findings in light of what was already known about the research problem being investigated, and to explain any new understanding or insights about the problem after you've taken the findings into consideration. The discussion will always connect to the introduction by way of the research questions or hypotheses you posed and the literature you reviewed, but it does not simply repeat or rearrange the introduction; the discussion should always explain how your study has moved the reader's understanding of the research problem forward from where you left them at the end of the introduction. Importance of a Good Discussion The discussion section is often considered the most important part of your research paper because this is where you:
The reason is that central banks react to variables, such as inflation and the output gap, which are endogenous to monetary policy shocks. Endogeneity implies a correlation between regressors and the error term, and hence, an asymptotic bias.
In principle, Instrumental Variables IV estimation can solve this endogeneity problem.
In practice, IV estimation poses challenges as the validity of potential instruments also depends on other economic relationships. We argue in favor of OLS estimation of monetary policy rules. To that end, we show analytically in the three-equation New Keynesian model that the asymptotic OLS bias is proportional to the fraction of the variance of regressors accounted for by monetary policy shocks.
Using Monte Carlo simulation, we then show that this relationship also holds in a quantitative model of the U.
As monetary policy shocks explain only a small fraction of the variance of regressors typically included in monetary policy rules, the endogeneity bias is small.
Using simulations, we show that, for realistic sample sizes, the OLS estimator of monetary policy parameters outperforms IV estimators.3. Creating a Thesis Statement & Outline benjaminpohle.com is a thesis statement?
A thesis statement is usually a sentence that states your argument to the reader.
Rogerian Argument Sample/benjaminpohle.comg for good ideas and examples of Rogerian Argument essays?We have provided you with a free sample of a Rogerian Argument essay here. Note the sequence of arguments and the pattern of thoughts in the article. CEPR Why Does the Minimum Wage Have No Discernible Effect on Employment?
i About the Authors John Schmitt is a Senior Economist at the Center for Economic and Policy Research in Washington. Preliminary versions of economic research.
Did Consumers Want Less Debt? Consumer Credit Demand Versus Supply in the Wake of the Financial Crisis. Aug 28, · Any good research paper must have an argument, and any good essay must support its argument with evidence. Like students, more and more professors are expected to produce work that shows off what looks like earned expertise, and to produce it too fast and too frequently.
What is the Difference Between a Research Paper and an Essay? Research Paper Researching and expressing other’s points of view on a topic, as well as incorporating your contrast, argumentative, analytical, cause and effect, and subject-bases.
The last is the.