What Can Time-Series Regressions Tell Us About Policy Counterfactuals?
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We show that, in a general family of linearized structural macroeconomic models, knowledge of the empirically estimable causal effects of contemporaneous and news shocks to the prevailing policy rule is sufficient to construct counterfactuals under alternative policy rules. If the researcher is
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美国国家经济研究局创建时间:
2022-08-01



