Event Date
Speaker: Òscar Jordà, Economics, UC Davis
Title: "Characterizing the dynamics of an economic system"
Abstract: Economies are complex dynamic systems. Understanding the consequences of a particular policy action (such as raising interest rates, or consolidating the fiscal deficit, for example) using observational data is challenging. The effects of policy interact dynamically with economic conditions. Economists thus rely on estimates of "impulse response functions” to gain some understanding. These are measures of dynamic multipliers. They can be estimated using models and likelihood methods, or as self-standing moments of the data using local projections. I will discuss the latter and highlight the many statistical issues involved in their estimation and inference.
Seminar Date/Time: Thursday November 19th, 4:10pm
This seminar will be delivered remotely via Zoom. To access the Zoom meeting for this seminar, please contact the instructor Fushing Hsieh (fhsieh@ucdavis.edu) or Pete Scully (pscully@ucdavis.edu) for the meeting ID and password, stating your affiliation.