Economics Dictionary of ArgumentsHome
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| Method: a method is a procedure agreed on by participants of a discussion or research project. In the case of violations of a method, the comparability of the results is in particular questioned, since these no longer come from a set with uniformly defined properties of the elements._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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IMF Working Papers on Method - Dictionary of Arguments
Ostry I 4 Method/Furceri/Hannan/Ostry/Rose: We use a transparent approach to allow the data to speak in a straightforward way, allowing us to focus attention on results rather than the estimation technique. We rely on Jorda’s (2005)(1) celebrated local projection method to estimate impulse response functions, allowing us as to account flexibly for non-linearities without imposing potentially inappropriate dynamic restrictions.* (…) more recent data is of greater relevance, but older data contains more protectionism. >Protectionism, >Tariffs, >Tariff impacts. * We also try to account for potential endogeneity via an instrumental variable strategy, using changes in tariffs in major large trading partners to create instruments. 1.Jordà, Oscar, 2005, “Estimation and Inference of Impulse Responses by Local Projections,” American Economic Review, vol. 95(1), pp. 161-182._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
IMF Working Papers Ostry I Jonathan D. Ostry Davide Furceri Andrew K. Rose, Macroeconomic Consequences of Tariffs. IMF Working Paper. WP/19/9.International Monetary Fund. Washington, D.C. 2019 |
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