Apr 05, 2021 Apr 05, 2021
01:00PM 02:00PM Economics Lunch and Learn Workshop: University Event Topic: Seminars & WorkshopsSchool: Emory CollegeDepartment / Organization: Economics DepartmentSpeaker/Presenter: Elena PesaventoCost: FreeContact Name: Marie BrowneContact Email: mpbrown@emory.eduLink: http://economics.emory.edu/home/news/seminar-lunch-learn.htmlThe Economics Department is pleased to announce our upcoming department Lunch and Learns. These seminars give Economics faculty and graduate students the opportunity to learn more about their colleagues' latest research.Presenter: Elena PesaventoField: EconometricsTitle: Impulse response analysis for structural dynamic models with nonlinear regressorsAll Lunch and Learn seminars will be held remotely via Zoom on Mondays from 1:00 PM - 2:00 PM (Eastern time), unless indicated otherwise. Please contact Marie Browne for Zoom link if you would like to attend: mpbrown@emory.eduAbstract:We study the construction of nonlinear impulse responses in linear structural dynamic models that include nonlinearly transformed regressors. We derive the closed-form solution for the population impulse responses to a given shock and propose a control function approach to estimating these responses without taking a stand on how the remainder of the model is identified. Our plug-in estimator dispenses with the need for simulations and, unlike conventional local projection (LP) estimators, is consistent. A modified LP estimator is shown to be consistent in special cases, but less accurate in finite samples than the plug-in estimator. + Zoom Campus Events
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01:00PM 02:00PM Economics Lunch and Learn Workshop: University Event Topic: Seminars & WorkshopsSchool: Emory CollegeDepartment / Organization: Economics DepartmentSpeaker/Presenter: Elena PesaventoCost: FreeContact Name: Marie BrowneContact Email: mpbrown@emory.eduLink: http://economics.emory.edu/home/news/seminar-lunch-learn.htmlThe Economics Department is pleased to announce our upcoming department Lunch and Learns. These seminars give Economics faculty and graduate students the opportunity to learn more about their colleagues' latest research.Presenter: Elena PesaventoField: EconometricsTitle: Impulse response analysis for structural dynamic models with nonlinear regressorsAll Lunch and Learn seminars will be held remotely via Zoom on Mondays from 1:00 PM - 2:00 PM (Eastern time), unless indicated otherwise. Please contact Marie Browne for Zoom link if you would like to attend: mpbrown@emory.eduAbstract:We study the construction of nonlinear impulse responses in linear structural dynamic models that include nonlinearly transformed regressors. We derive the closed-form solution for the population impulse responses to a given shock and propose a control function approach to estimating these responses without taking a stand on how the remainder of the model is identified. Our plug-in estimator dispenses with the need for simulations and, unlike conventional local projection (LP) estimators, is consistent. A modified LP estimator is shown to be consistent in special cases, but less accurate in finite samples than the plug-in estimator. + Zoom Campus Events
RSVP Sync to Goggle Event Details