Local Projections or VARs? A Primer for Macroeconomists
收藏NBER2025-06-01 更新2025-06-14 收录
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https://www.nber.org/papers/w33871
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资源简介：
What should applied macroeconomists know about local projection (LP) and vector autoregression (VAR) impulse response estimators? The two methods share the same estimand, but in finite samples lie on opposite ends of a bias-variance trade-off. While the low bias of LPs comes at a quite steep
提供机构：
美国国家经济研究局
创建时间：
2025-06-01
