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…
Last week, I attended a conference in Greece organized by the University of Piraeus. During the conference, an economist from the Bundesbank told me that this blog was…
I am pleased to announce that I will deliver a two-day online course with Timberlake on Local Projections for Time-Series and Panel Data Analysis: Methods, Applications, and Replication…
Before diving into the blog, allow me to share that it is the first time I wrote an EconMacro blog on a plane. A lot of people seems…
Local projections have become a standard tool in applied macroeconometrics. They are widely used to estimate dynamic responses to shocks, especially when researchers do not want to impose…
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