What can time-series regressions tell us about policy counterfactuals?

DOI10.3982/ECTA21045MaRDI QIDQ6536587zbMATH OpenFDO

Authors Alisdair McKay, Christian Wolf

Publication date 13 May 2024

Published in Econometrica (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.3982/ECTA21045

zbMATH Keywords

business cyclesLucas critiquemacroeconomic modelingmonetary policypolicy counterfactualspolicy shocks

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic time series analysis (91B84)

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Cites work

• A new approach to measuring economic policy shocks, with an application to conventional and unconventional monetary policy
• DOES MONETARY POLICY GENERATE RECESSIONS?
• Exploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivative
• Financial heterogeneity and the investment channel of monetary policy
• Fiscal foresight and information flows
• Local projections and VARs estimate the same impulse responses
• Lumpy durable consumption demand and the limited ammunition of monetary policy
• Using the Sequence‐Space Jacobian to Solve and Estimate Heterogeneous‐Agent Models
• What can time-series regressions tell us about policy counterfactuals?

Cited in

(8)

• What can time-series regressions tell us about policy counterfactuals?
• Causal models for longitudinal and panel data: a survey
• Are inflationary shocks regressive? A feasible set approach
• Asymmetric transmission of oil supply news
• Dynamic Causal Effects in a Nonlinear World: the Good, the Bad, and the Ugly
• Rejoinder
• Computation of policy counterfactuals in sequence space
• Policy evaluation with sufficient macro statistics: a primer

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