where (i) the shock of interest is observed, (ii) the impact variable of interest is observed at a lower frequency (as a … frequency of the shock, and (iv) the full set of relevant endogenous variables entering the DGP is unknown or unobserved …

This article investigates the estimation and inference of quantile impulse response functions. We propose a new … estimation method using the local projections by Jordà (2005). We establish consistency and asymptotic normality of the estimator …

and that alternative estimation methods are not required in typical applications. Finally, we demonstrate that the …

where (i) the shock of interest is observed, (ii) the impact variable of interest is observed at a lower frequency (as a … frequency of the shock, and (iv) the full set of relevant endogenous variables entering the DGP is unknown or unobserved …

where (i) the shock of interest is observed, (ii) the impact variable of interest is observed at a lower frequency (as a … frequency of the shock, and (iv) the full set of relevant endogenous variables entering the DGP is unknown or unobserved …

estimation methods are not required in typical applications. Finally, we demonstrate that the alternative Bayesian approach to …