State-Dependent Local Projections: Understanding Impulse Response Heterogeneity
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An impulse response is the dynamic average effect of an intervention across horizons. We use the well-known Kitagawa-Blinder-Oaxaca decomposition to explore a responses heterogeneity over time and over states of the economy. This can be implemented with a simple extension to the usual local
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美国国家经济研究局创建时间：
2023-02-01
