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Are structural vector autoregressions (VARs) useful for discriminating between macro models‘ Recent assessments of VARs have shown that these statistical methods have adequate size properties. In other words, in simulation exercises, VARs will only infrequently reject the true data generating...
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variety of applications representative of serious empirical work in economics and finance. The algorithm is robust to …
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of the treatment variable and covariates. Given nonparametric smoothness and/or shape restrictions on the conditional …
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, using various models in widespread use. We compare these with tests based on direct inference (using the Likelihood Ratio …
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