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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29908 |
来源ID | Working Paper 29908 |
Estimating General Equilibrium Spillovers of Large-Scale Shocks | |
Kilian Huber | |
发表日期 | 2022-04-04 |
出版年 | 2022 |
语种 | 英语 |
摘要 | Large-scale shocks directly affect some firms and households and indirectly impact others through general equilibrium spillovers. In this paper, I describe how researchers can directly estimate spillovers using quasi-experimental or experimental variation. I then argue that spillover estimates suffer from distinct sources of mechanical bias that standard empirical tools cannot resolve. These biases are particularly relevant in finance and macroeconomics where multiple spillover channels and nonlinear effects are common. I offer guidance on how to detect and overcome mechanical biases. An application and several examples highlight that the suggested methods are broadly relevant and can inform policy and multiplier calculations. |
主题 | Econometrics ; Estimation Methods ; Microeconomics ; General Equilibrium ; Macroeconomics ; Monetary Policy ; Financial Economics ; Financial Institutions ; Corporate Finance ; Industrial Organization ; Firm Behavior ; Regional and Urban Economics ; Regional Economics |
URL | https://www.nber.org/papers/w29908 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587580 |
推荐引用方式 GB/T 7714 | Kilian Huber. Estimating General Equilibrium Spillovers of Large-Scale Shocks. 2022. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w29908.pdf(270KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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