Smooth transition state-dependent local projection with Stata
Suppose that a rise in geopolitical risk does not have the same effect when a country begins in a tranquil environment and when tensions are already elevated. A…
Suppose that a rise in geopolitical risk does not have the same effect when a country begins in a tranquil environment and when tensions are already elevated. A…
In empirical macroeconomics, finance, and firm-level studies, nonlinear terms are often introduced to capture relationships that are not constant across the distribution of a variable. For example, the…
The geopolitical risk index is often used as a monthly measure of geopolitical tensions. It is tempting to convert it into an annual or fiscal-year variable by taking…
A common problem in applied microeconometrics arises when the dependent variable is observed at a very disaggregated level, while the main explanatory variable varies at a more aggregated…
A recurring comment in referee reports is that local projections “require stationarity,” or that the researcher must “stationarize” (difference/detrend) the variables before computing impulse responses. In a time-series…
After a first post on the conception of the scientific method by Richard Feynman, let us look at the following paper written paper by David F. Hendry: David…
Avec une certaine émotion, je vous annonce que j’ai soutenu mon habilitation à diriger des recherches, lundi 11 juillet 2022 à 14 heures, à l’Université de Strasbourg. Titre…
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