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DTSTART:20070311T020000
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DTSTAMP:20241105T145213
DTSTART;TZID=America/Detroit:20241112T113000
DTEND;TZID=America/Detroit:20241112T130000
SUMMARY:Workshop / Seminar:Evaluating Policy Counterfactuals: A VAR-Plus Approach
DESCRIPTION:In a rich family of linearized structural macroeconomic models\, the counterfactual evolution of the macro-economy under alternative policy rules is pinned down by just two objects: first\, reduced-form projections with respect to a large information set\; and second\, the dynamic causal effects of policy shocks. In particular\, no assumptions about the structural shocks affecting the economy are needed. We propose to recover these two sufficient statistics using a “VAR-Plus” approach\, and apply it to evaluate several monetary policy counterfactuals.
UID:124303-21852868@events.umich.edu
URL:https://events.umich.edu/event/124303
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Macroeconomics,seminar
LOCATION:Lorch Hall - 201
CONTACT:
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