3 papers
econ.EM2026
Beyond Aggregate VARs: A Bayesian Benchmark for HANK Models
Florian Huber, Gary Koop, Christian Matthes
Heterogeneous-agent New Keynesian (HANK) models characterize how entire cross-sectional distributions respond to structural shocks. Traditional representative-agent models are rout…
econ.EM2025
Large Structural VARs with Multiple Sign and Ranking Restrictions
Joshua Chan, Christian Matthes, Xuewen Yu
Large VARs are increasingly used in structural analysis as a unified framework to study the impacts of multiple structural shocks simultaneously. However, the concurrent identifica…
econ.EM2024
General Seemingly Unrelated Local Projections
Florian Huber, Christian Matthes, Michael Pfarrhofer
We develop a flexible framework for Bayesian estimation of impulse responses using Local Projections (LPs) with instrumental variables. It accommodates multiple shocks and instrume…