Controls, not shocks: estimating dynamic causal effects in macroeconomics
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- Simon Lloyd & Ed Manuel, 2024. "Controls, Not Shocks: Estimating Dynamic Causal Effects in Macroeconomics," Discussion Papers 2422, Centre for Macroeconomics (CFM).
References listed on IDEAS
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More about this item
Keywords
Identification; instrumental variables; local projections; omitted-variable bias; vector autoregressions;All these keywords.
JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
- C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2024-09-09 (Central Banking)
- NEP-ECM-2024-09-09 (Econometrics)
- NEP-ETS-2024-09-09 (Econometric Time Series)
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