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Jordà, Òscar; Taylor, Alan M. - National Bureau of Economic Research - 2024

A central question in applied research is to estimate the effect of an exogenous intervention or shock on an outcome …

Persistent link: https://www.econbiz.de/10015056147

State-Dependent Local Projections : Understanding Impulse Response Heterogeneity

Cloyne, James; Jordà, Òscar; Taylor, Alan M. - National Bureau of Economic Research - 2023

An impulse response is the dynamic average effect of an intervention across horizons. We use the well-known Kitagawa-Blinder-Oaxaca decomposition to explore a response's heterogeneity over time and over states of the economy. This can be implemented with a simple extension to the usual local...

Persistent link: https://www.econbiz.de/10014226168

Trade Linkages and Output-Multiplier Effects : A Structural VAR Approach with a Focus on Asia

Abeysinghe, Tilak - 2001

This paper develops a structural VAR model to measure how a shock to one country can affect the GDP of other countries …. It uses trade linkages to estimate the multiplier effects of a shock as it is transmitted through other countries' output …-trade matrix. For example, due to these output-multiplier effects, a shock to one country can have a large impact on countries that …

Persistent link: https://www.econbiz.de/10012470116

The Long-Term Impact of the COVID-19 Unemployment Shock on Life Expectancy and Mortality Rates

Bianchi, Francesco - 2020

typical unemployment shock, depending on race/gender, resulting in a 3.0% increase in mortality rate and a 0.5% drop in life … expectancy over the next 15 years for the overall American population. We also predict that the shock will disproportionately …

Persistent link: https://www.econbiz.de/10012482522

Implications of Dynamic Factor Models for VAR Analysis

Stock, James H. - 2005

econometric issues are addressed including estimation of the number of dynamic factors and tests for the factor restrictions …

Persistent link: https://www.econbiz.de/10012467213

Monetary Policy in a Data-Rich Environment

Bernanke, Ben - 2001

Most empirical analyses of monetary policy have been confined to frameworks in which the Federal Reserve is implicitly assumed to exploit only a limited amount of information, despite the fact that the Fed actively monitors literally thousands of economic time series. This article explores the...

Persistent link: https://www.econbiz.de/10012470341

Some Empirical Evidence on the Effects of Monetary Policy Shocks on Exchange Rates

Eichenbaum, Martin - 1993

rates. The temporal pattern of the depreciation in U.S. nominal exchange rates following a positive monetary policy shock is …

Persistent link: https://www.econbiz.de/10012474691

Identifying Ambiguity Shocks in Business Cycle Models Using Survey Data

Bhandari, Anmol - 2016

permit estimation using standard Bayesian techniques. Applying our framework to an estimated New-Keynesian business cycle …

Persistent link: https://www.econbiz.de/10012456450

Sources of Real Exchange Rate Fluctuations : How Important are Nominal Shocks?

Clarida, Richard - 1994

This paper investigates empirically and attempts to identify the sources of real exchange rate fluctuations since the collapse of Bretton Woods. The paper's first two sections survey and extend earlier, non-structural empirical work on this subject by Campbell and Clarida (1987), Meese and...

Persistent link: https://www.econbiz.de/10012474278

Exploiting MIT Shocks in Heterogeneous-Agent Economies : The Impulse Response as a Numerical Derivative

Boppart, Timo - 2017

deterministic transition path: we study the equilibrium response to a single, small "MIT shock'' carefully. We then regard this …

Persistent link: https://www.econbiz.de/10012453575

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