Browsing by Author "Perez, SJ"
Now showing items 1-4 of 4
-
A bootstrap method for identifying and evaluating a structural vector autoregression
(Oxford Bulletin of Economics and Statistics, 2008-08-01)Graph-theoretic methods of causal search based on the ideas of Pearl (2000), Spirtes et al. (2000), and others have been applied by a number of researchers to economic data, particularly by Swanson and Granger (1997) to ... -
Empirical Identification of the Vector Autoregression: The Causes and Effects of U.S. M2
(2008)The M2 monetary aggregate is monitored by the Federal Reserve, using a broad brush theoretical analysis and an informal empirical analysis. This paper illustrates empirical identification of an eleven-variable system, in ... -
Post hoc ergo propter once more an evaluation of 'does monetary policy matter?' in the spirit of James Tobin
(Journal of Monetary Economics, 1994-01-01)Christina and David Romer's paper 'Does Monetary Policy Matter?' advocates the so-called 'narrative' approach to causal inference. We demonstrate that this method will not sustain causal inference. First, it is impossible ... -
Truth and robustness in cross-country growth regressions
(Oxford Bulletin of Economics and Statistics, 2004-12-01)We re-examine studies of cross-country growth regressions by Levine and Renelt (American Economic Review, Vol. 82, 1992, pp. 942-963) and Sala-i-Martin (American Economic Review, Vol. 87, 1997a, pp. 178-183; Economics Department, ...
