We study the incidental parameter problem for the “three-way” Poisson Pseudo-Maximum Likelihood (PPML) estimator recently recommended for identifying the effects of trade policies and in other panel data gravity settings.
IFS researchers presented their initial analysis of the Chancellor's announcements on the public finances, spending on public services, and the tax and the benefit system on Thursday 4 March at an online briefing.
'Sunak’s conference promise that he will always balance the books was, to be generous, no more than a rhetorical flourish. What he is actually aiming for and by when we do not know. This week’s budget is his chance to give us a real sense of who he is and where he wants to go.' Paul Johnson in The Times.
Pay is an important lever in attracting and keeping staff, but is subject to tight regulations within the NHS. At this event, we explored the findings of new IFS work looking at the flexibility of the current pay system and its ability to address differences in the local cost of living across the country.
