In a previous blog, I showed how to draw local projection’s impulse response function with Driscoll-Kraay inference in Stata. This is the picture what you get: But, Alfonso…
In a future work in preparation, we will explore how geopolitical relationship shocks, such as changes in US-China, China-Japan, or China-India relations, affect provincial GDP growth in China.…
Local projections (LPs) have become a workhorse tool in applied macroeconomics since Jordà (2005). They are flexible, robust to misspecification, and easy to interpret. In panel settings, however,…
Local projections have become one of the most widely used tools to study dynamic causal effects in macroeconomics. Their flexibility and robustness make them particularly attractive when researchers…
If you are familiar with the impulse response function (IRF) analysis with Stata, you might have encountered an annoying problem. When you plot an IRF, you will have…
Last week, I noticed the publication of a new research in Energy Economics by Hakan Yilmazkuday: Geopolitical risks and energy uncertainty: Implications for global and domestic energy prices. Energy…
In a recent article published in the Journal of econometrics, we have some further insights about the bias-variance trade-off between IRF (Impulse Response Function) produced by the VAR…
Today, let me draw your attention to two recent papers published in the Journal of Econometrics that deal with the Local Projection (LP) method introduced by Òscar Jordà…
NEW PUBLICATION: This paper employs structural vector autoregression and local projection methods to examine the impacts of the deterioration in US-China political relations on Australia-China bilateral trade. By…
Stata 18 est sorti en avril, j’aurai le plaisir d’animer un webinaire pour Timberlake. Ce webinaire présentera trois nouvelles commandes très prisées des utilisateurs : Nous organiserons une…
I will give my first training session for Timberlake, the 26th October 2023 at 9 – 11 am BST / 10 – 12 pm CEST: www.timberlake.co.uk The short…
Good news! In the new version of Stata 18, we have a new command that produces local-projection impulse–response functions. You can find the complete description of the command…
NEW WORKING PAPER: This paper employs structural vector autoregression and local projection methods to examine the impacts of the deterioration in US-China political relations on Australia-China bilateral trade.…
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