4 papers
Reducing ANN-SNN Conversion Error via Residual Membrane Potential Alignment
Zirui Chen, Zihan Huang, Tong Bu +3
Spiking Neural Networks (SNNs) serve as core architectures for neuromorphic computing thanks to event-driven operation and ultra-low power consumption. Direct SNN training is hinde…
Double Robustness of Local Projections and Some Unpleasant VARithmetic
José Luis Montiel Olea, Mikkel Plagborg-Møller, Eric Qian +1
We consider impulse response inference in a locally misspecified vector autoregression (VAR) model. The conventional local projection (LP) confidence interval has correct coverage…
Dynamic Causal Effects in a Nonlinear World: the Good, the Bad, and the Ugly
Michal Kolesár, Mikkel Plagborg-Møller
Applied macroeconomists frequently use impulse response estimators motivated by linear models. We study whether the estimands of such procedures have a causal interpretation when t…
Local Projections or VARs? A Primer for Macroeconomists
José Luis Montiel Olea, Mikkel Plagborg-Møller, Eric Qian +1
What should applied macroeconomists know about local projection (LP) and vector autoregression (VAR) impulse response estimators? The two methods share the same estimand, but in fi…