2 papers
econ.EM2026
Causal State-Dependent Local Projections
Joel M. David, Raffaella Giacomini, Xiyu Jiao +1
State-dependent local projections (LPs) are widely used to study how causal effects vary as a function of economic states, but shock exogeneity alone does not identify this respons…
econ.EM2025
Nonlinearity in Dynamic Causal Effects: Making the Bad into the Good, and the Good into the Great?
Toru Kitagawa, Weining Wang, Mengshan Xu
This paper was prepared as a comment on "Dynamic Causal Effects in a Nonlinear World: the Good, the Bad, and the Ugly" by Michal Kolesár and Mikkel Plagborg-Møller. We make three c…