3 papers
econ.EM2026
Individual Shrinkage for Random Effects
Raffaella Giacomini, Sokbae Lee, Silvia Sarpietro
This paper develops an approach to random effects estimation and individual-level forecasting in micropanels that targets individual accuracy rather than aggregate performance. The…
econ.EM2026
Causal State-Dependent Local Projections
Joel M. David, Raffaella Giacomini, Xiyu Jiao +1
State-dependent local projections (LPs) are widely used to estimate how impulse responses to exogenous aggregate shocks vary as a function of observable state variables, yet their…
econ.EM2026
Forecasted Treatment Effects
Irene Botosaru, Raffaella Giacomini, Martin Weidner
We consider estimation and inference of the effects of a policy in the absence of an untreated or control group. We obtain unbiased estimators of individual (heterogeneous) treatme…