corresponding IRFs well suited for so called local projections - that is estimating impulse response functions through a series of … responses. We propose an augmentation to restrict jointly estimated local projections in a way that produces economically … plausible impulse response functions. We develop a semiparametric local projections method where smoothness can be imposed as …

responses for total, youth, and long-term unemployment are estimated using local projections for a panel of 20 OECD countries …

estimates a series of nonlinear (smooth-transition) local projections to study the effectiveness of monetary policy under …

corresponding IRFs well suited for so called local projections – that is estimating impulse response functions through a series of … responses. We propose an augmentation to restrict jointly estimated local projections in a way that produces economically … plausible impulse response functions. We develop a semiparametric local projections method where smoothness can be imposed as …

estimates a series of nonlinear (smooth-transition) local projections to study the effectiveness of monetary policy under …