Cholesky Identification

Can Local Projections Have Short-Run Restrictions?

Before diving into the blog, allow me to share that it is the first time I wrote an EconMacro blog on a plane. A lot of people seems…

Post date May 24, 2026
Post categories In Illustrated, Pedagogical Note
Tags BVAR, Cholesky Identification, Frisch-Waugh-Lovell Theorem, GDP Growth, Geopolitical Risk, Impulse Responses, Inflation, Local Projections, Macroeconometrics, Panel VAR, Short-Run Restrictions, Structural Shocks, VAR

Three EconMacro Posts Readers Consulted Most Over the Last Three Months

Over the last three months, three EconMacro posts have attracted particularly sustained attention. They are different in format: one is a methodological note on local projections and VARs,…

Post date May 22, 2026
Post categories In Codes and Datasets
Tags Causal identification, Cholesky Identification, Geopolitical Risk, Local Projections, Political Economy, UN General Assembly, Voting data, Wald tests, XTLP

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

Can Local Projections Have Short-Run Restrictions?

Three EconMacro Posts Readers Consulted Most Over the Last Three Months

Equivalence of Cholesky identified shocks in VARs and Local Projections

The Political Economy of Geoeconomics

Bank of Israel Research Seminar (Discussion)

Comparative Advantage and Openness under Global Fragmentation: Lessons from the Past 65 Years (NBER WP)

Can Local Projections Have Short-Run Restrictions?

Three EconMacro Posts Readers Consulted Most Over the Last Three Months