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

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)

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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

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

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