Causal Inference – EconMacro

xtswitchdid with Stata

On 29 July 2026, Stata announced a new StataNow update introducing xtswitchdid, a built-in command for difference in differences with switching treatments. The official Stata Blog announcement highlights…

Post date July 30, 2026
Post categories In Codes and Datasets, Research Article
Tags Causal Inference, de Chaisemartin and D’Haultfœuille, Difference-in-Differences, Economic Growth, Economic Integration Agreements, Event Study, Hegemonic Globalization, Multivalued Treatments, Nonabsorbing Treatments, STATA Code, StataNow, Switching Treatments, xtswitchdid

Regression Adjustment for Heterogeneous DiD in Stata: Comparing xthdidregress, lwdid, jwdid, and csdid

I am currently attending the Timberlake Econometrics Summer School at Churchill College, Cambridge, where I am following Professor Jeffrey Wooldridge’s class. This course provided an excellent opportunity to…

Post date July 21, 2026
Post categories In Illustrated, Pedagogical Note
Tags Causal Inference, Causal inference methods, csdid, Heterogeneous Difference-in-Differences, jwdid, lwdid, Stata 18, STATA Code, Timberlake

Equivalence of Cholesky identified shocks in VARs and Local Projections

Local projections have become a standard tool in applied macroeconometrics. They are widely used to estimate dynamic responses to shocks, especially when researchers do not want to impose…

Post date May 6, 2026
Post categories In Illustrated, Pedagogical Note
Tags Causal Inference, Cholesky Identification, GDP Growth, Geopolitical Risk, Impulse Responses, Inflation, Local Projections, Macroeconometrics, Panel Data, STATA Code, VAR

Do International Reserves Buffer Real-Exchange-Rate Adjustment after Terms-of-Trade Shocks? A Matching Application in Stata

This post illustrates how to use matching methods in Stata to study a reserve-buffer mechanism in international macroeconomics. The application uses kmatch, teffects, and a country-year panel to compare high-…

Post date April 29, 2026
Post categories In Codes and Datasets, Research Article
Tags Causal Inference, Data Visualization, International Reserves, Kernel Matching, kmatch, Matching Estimators, Panel Data, Propensity Score Matching, Real Effective Exchange Rate, Reserve Buffer, Stata, STATA Code, Terms-of-Trade Shocks

Bank of Israel VIMM: Virtual Israel Macro Meeting “Hands-on” Research Seminar

I will have the great honor to make a “hands-on” seminar for the VIMM: Virtual Israel Macro Meeting on Local Projections on September 9, 2025 (15:00 Israel Time):…

Local Projections Difference-in-Differences (LP-DiD) estimator

In this blog, I illustrate the LP-DiD estimator by Dube, Girardi, and Jorda (2023). I will leverage my previous blogs on Heterogeneous Difference-in-Differences with Stata: This new estimator…

Post date February 19, 2025
Post categories In Codes and Datasets
Tags Causal Inference, Causal inference methods, Difference-in-Differences, Heterogeneous Difference-in-Differences, Local Projection, LP-DiD, Stata 18, STATA Code

Heterogeneous Difference-in-Differences with Stata (Again)

Yesterday, Stata released two videos on how to use Difference-in-Differences commands built-in within Stata. The videos are very pedagogical, so allow me to share them with you: Treatment…

Post date August 22, 2024
Post categories In Illustrated, Pedagogical Note
Tags Causal Inference, Causal inference methods, Heterogeneous Difference-in-Differences, Stata 18, STATA Code
1 Comment on Heterogeneous Difference-in-Differences with Stata (Again)

Some wisdom about supervised machine learning

During the 4th Italian Workshop of Econometrics and Empirical Economics: “Climate and Energy Econometrics”, I had the chance to attend to the presentation of Giovanni Cerulli’s book on…

Post date January 28, 2024
Post categories In Book, Codes and Datasets, Ideas
Tags Causal Inference, IWEEE, Machine Learning, Prediction, Python, R, Springer, Stata, STATA Code

Do FX reserves promote monetary autonomy in the presence of global spillovers?

NEW PUBLICATION: This paper examines whether the size of foreign exchange (FX) reserves can explain cross-country differences in foreign currency depreciation observed over the 2021-22 Federal Reserve monetary…

Post date September 26, 2023
Post categories In Codes and Datasets, Research Article
Tags Buffer Effect, Causal Inference, Difference-in-Differences, Economics Letters, Financial Institutions, International Reserves, Monetary Tightening, NBER, Real Exchange Rate

Heterogeneous Difference-in-Differences with Stata

A few days ago, I assisted to wonderful presentation by Di Liu of StataCorp LLC. His explanations were crystal clear about the difference-in-difference commands introduced in Stata 18.…

Post date September 14, 2023
Post categories In Illustrated, Pedagogical Note
Tags Causal Inference, Causal inference methods, Heterogeneous Difference-in-Differences, Stata 18, STATA Code

Reserve judgment by The Economist

Our recent research, written with Rashad Ahmed, Joshua Aizenman, and Gazi Salah Uddin, on the mitigating effect of foreign exchange reserves during the 2021-22 U.S. monetary tightening cycle,…

Post date February 24, 2023
Post categories In Press
Tags Buffer Effect, Causal Inference, International Reserves, Monetary Tightening, Real Exchange Rate, The Economist

On the Effectiveness of Foreign Exchange Reserves During the 2021-22 U.S. Monetary Tightening Cycle

NEW WORKING PAPER: This paper examines the role of foreign exchange (FX) reserves and other fundamental factors in explaining cross-country differences in foreign currency depreciation observed over the…

xtswitchdid with Stata

Regression Adjustment for Heterogeneous DiD in Stata: Comparing xthdidregress, lwdid, jwdid, and csdid

Equivalence of Cholesky identified shocks in VARs and Local Projections

Do International Reserves Buffer Real-Exchange-Rate Adjustment after Terms-of-Trade Shocks? A Matching Application in Stata

Bank of Israel VIMM: Virtual Israel Macro Meeting “Hands-on” Research Seminar

Local Projections Difference-in-Differences (LP-DiD) estimator

Heterogeneous Difference-in-Differences with Stata (Again)

Some wisdom about supervised machine learning

Do FX reserves promote monetary autonomy in the presence of global spillovers?

Heterogeneous Difference-in-Differences with Stata

Reserve judgment by The Economist

On the Effectiveness of Foreign Exchange Reserves During the 2021-22 U.S. Monetary Tightening Cycle

xtswitchdid with Stata

How to Place Country Labels Precisely in Stata Bubble Plots

A Teulings-Zubanov-Style Correction for LP-IV Models with Stata

Regression Adjustment for Heterogeneous DiD in Stata: Comparing xthdidregress, lwdid, jwdid, and csdid

Portable Stata Projects: Running the Same Do-File on Any Computer