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

DOI10.3982/ECTA21045zbMATH Open1541.91182MaRDI QIDQ6536587FDOQ6536587

Authors: Alisdair McKay, Christian Wolf 

Publication date: 13 May 2024

Published in: Econometrica (Search for Journal in Brave)

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zbMATH Keywords

business cyclesmonetary policyLucas critiquemacroeconomic modelingpolicy shockspolicy counterfactuals

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (1)

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

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