Showing econ.GNShow all
2 papers · 1 filter
econ.GN2026
Could It Have Fit Anything? Restrictiveness of Economic Models, LLMs, and AI Workflows
Drew Fudenberg, Wayne Yuan Gao, Zhiheng You
How much does a prediction procedure rule out when its model class is unspecified? We extend restrictiveness from economic models to black-box procedures by measuring how well they…
econ.GN2026
How Well Are State-Dependent Local Projections Capturing Nonlinearities?
Zhiheng You
We use quadratic vector autoregressions, motivated by pruned second-order perturbation solutions to DSGE models, as a laboratory to evaluate how well popular local projection (LP)…