Teaching sometimes generates new research results. During the Timberlake training, Local Projections for Time-Series and Panel Data Analysis, the students and I revisited the buffer effect documented in…
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…
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…
When I wanted to make local projections with quantile regressions, no simple solution was available until Alfonso Ugarte released the newest version of his Stata package locproj. The…
In a few days, Alfonso Ugarte from BBVA will release an updated version of his package LOCPROJ. In this new version, the LPGRAPH command has been greatly improved…
Alfonso Ugarte Ruiz from BBVA research introduced the locproj package: s459204. The package is very useful, and I will show you how to customize the LP impulse response…
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