This article develops a framework for estimating multivariate treatment effect models in the
presence of sample selection. The methodology deals with several important issues …

We study bank responses to the Paycheck Protection Program (PPP) and its effects on
lender balance sheets and profitability. To address the endogeneity between bank decisions …

It is often the case that an outcome of interest is observed for a restricted non-randomly
selected sample of the population. In such a situation, standard statistical analysis yields …

Credit contractions are costly, but policymakers have limited tools to counter them. In this
paper, we examine the efficacy of public credit guarantees as antidotes to a credit crunch by …

In observational studies, a response of interest (as well as some individual level
characteristics) may be observed for a non-randomly selected sample of the population. In …

Bank rescue programs are designed to provide assistance to struggling financial
intermediaries during financial crises. A complicating factor is that participating banks are …

We examine how financial crises redistribute risk, employing novel empirical methods and
micro data from the largest financial crisis of the 20th century–the Great Depression. Using …

In many empirical applications the outcome variable is not always observed, and the
mechanism that determines whether an observation is" selected" into the sample or not also …

This article develops a Bayesian framework for estimating multivariate treatment effect
models in the presence of sample selection. The methodology is applied to a banking study …

Cannabis is the most common illicit drug, and understanding its demand is relevant to
analyze the potential implications of its legalization. This paper proposes an endogenous …