2 papers
econ.EM2024
Machine Learning the Macroeconomic Effects of Financial Shocks
Niko Hauzenberger, Florian Huber, Karin Klieber +1
We propose a method to learn the nonlinear impulse responses to structural shocks using neural networks, and apply it to uncover the effects of US financial shocks. The results rev…
econ.GN2024
The Distributional Effects of Economic Uncertainty
Florian Huber, Massimiliano Marcellino, Tommaso Tornese
We study the distributional implications of uncertainty shocks by developing a model that links macroeconomic aggregates to the US distribution of earnings and consumption. We find…