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…
NEW WORKING PAPER: This paper examines the impact of El Niño-Southern Oscillation (ENSO) shocks on U.S. oil futures and goods market prices from 1983:03 to 2024:10 via the…
If you are a macroeconomist interested in impulse response function analysis, you need to watch this presentation by Christian Wolf during the 40th Annual NBER Conference on Macroeconomics,…
We are delighted to earn the Scottish Journal of Political Economy Prize for the Best Paper published in 2024 for our joint research with Yifei Cai and Yanrui…
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…
J’ai le plaisir de vous annoncer ma seconde note de blog sur le site l’AFSE concernant l’impact des risques climatiques sur l’espace budgétaire. Dans laquelle, nous tentons de…
Today, I share a video that I did for the fantastic Youtube channel of Klaus Prettner. I hope it will be useful for students and practitioners. Comments and…
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…
Delighted to announce that I will travel to the US for the first time for a two-day workshop on “Energy Transition and Climate Change” in the city of Redondo…
In this recent paper, Olea-Montiel, Plagborg-Møller, Qian and Wolf “provide a formal proof of Jordà’s claim that conventional LP confidence intervals for impulse responses are surprisingly robust to…
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…
J’ai le plaisir de vous annoncer ma première note de blog sur le site l’AFSE concernant la détention des réserves de change. Dans laquelle, nous tentons de répondre…
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…
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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