303
Views
0
CrossRef citations to date
0
Altmetric
Discussion

Discussion of “Narrative Restrictions and Proxies” by Raffaella Giacomini, Toru Kitagawa, and Matthew Read

References

  • Antolín-Díaz, J., and Rubio-Ramírez, J. F. (2018), “Narrative Sign Restrictions for SVARs,” American Economic Review, 108, 2802–2829. DOI: 10.1257/aer.20161852.
  • Boer, L., and Lütkepohl, H. (2021), “Qualitative Versus Quantitative External Information for Proxy Vector Autoregressive Analysis,” DIW Berlin Discussion Paper 1940.
  • Budnik, K., and Rünstler, G. (2020), “Identifying SVARs from Sparse Narrative Instruments,” European Central Bank Working Paper 2353.
  • Chahrour, R., and Jurado, K. (2022), “Recoverability and Expectations-Driven Fluctuations,” Review of Economic Studies, 89, 214–239. DOI: 10.1093/restud/rdab010.
  • Giacomini, R., Kitagawa, T., and Read, M. (2021), “Identification and Inference under Narrative Restrictions,” arXiv:2102.06456.
  • Hamilton, J. D. (2003), “What is an Oil Shock?” Journal of Econometrics, 113, 363–398. DOI: 10.1016/S0304-4076(02)00207-5.
  • Hoover, K. D., and Perez, S. J. (1994), “Post Hoc Ergo Propter Once More: An Evaluation of ‘Does Monetary Policy Matter?’ in the Spirit of James Tobin,” Journal of Monetary Economics, 34, 47–74. DOI: 10.1016/0304-3932(94)01149-4.
  • Imbens, G. W., and Rosenbaum, P. R. (2005), “Robust, Accurate Confidence Intervals with a Weak Instrument: Quarter of Birth and Education,” Journal of the Royal Statistical Society, Series A, 168, 109–126. DOI: 10.1111/j.1467-985X.2004.00339.x.
  • Montiel Olea, J. L., Stock, J. H., and Watson, M. W. (2021), “Inference in Structural Vector Autoregressions Identified with an External Instrument,” Journal of Econometrics, 225, 74–87. Themed Issue: Vector Autoregressions. DOI: 10.1016/j.jeconom.2020.05.014.
  • Plagborg-Møller, M., and Wolf, C. K. (2021), “Local Projections and VARs Estimate the Same Impulse Responses,” Econometrica, 89, 955–980. DOI: 10.3982/ECTA17813.
  • Romer, C. D., and Romer, D. H. (1989), “Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz,” in NBER Macroeconomics Annual, eds. O. Blanchard and S. Fischer, vol. 4, pp. 121–170, Chicago, IL: University of Chicago Press. DOI: 10.1086/654103.
  • Stock, J. H., and Watson, M. W. (2018), “Identification and Estimation of Dynamic Causal Effects in Macroeconomics using External Instruments,” Economic Journal, 128, 917–948. DOI: 10.1111/ecoj.12593.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.