An improvement in relations between major powers can lower oil prices today and raise them later. The paper interprets this sequence through an initial decline in precautionary demand…
Why can an estimator become less credible when it uses more instruments? Because additional moment conditions are not necessarily additional identifying information. Generalized Method of Moments was a…
This blog was inspired by a discussion with Davide Romelli at the SILVAPLANA POLITICAL ECONOMY 2026 workshop. Davide suggested that I include future values of the shock in…
Very honored to contribute my seventh guest blog post on Econbrowser. I am deeply grateful to Menzie Chinn. Remarks and comments are welcome, as always: https://econbrowser.com/. The other posts…
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