Identification in Macroeconomics by Emi Nakamura and Jn Steinsson - - PowerPoint PPT Presentation

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Identification in Macroeconomics by Emi Nakamura and Jn Steinsson - - PowerPoint PPT Presentation

Identification in Macroeconomics by Emi Nakamura and Jn Steinsson Journal of Economic Perspectives Volume 32, Number 3 Summer 2018 Pages 59 86 James J. Heckman Econ 312, Spring 2019 The Power of Portable Statistics Micro and


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Identification in Macroeconomics

by Emi Nakamura and Jón Steinsson

Journal of Economic Perspectives Volume 32, Number 3—Summer 2018—Pages 59–86

James J. Heckman

Econ 312, Spring 2019

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Nakamura and Steinsson Identification in Macroeconomics

The Power of Portable Statistics Micro and Macro Moments

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Nakamura and Steinsson Identification in Macroeconomics

Causal Effects as Identified Moments Aggregate versus Cross-Sectional Identification

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Nakamura and Steinsson Identification in Macroeconomics

Fiscal Stimulus: Aggregate Evidence Fiscal Stimulus: Cross-Sectional Evidence

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Nakamura and Steinsson Identification in Macroeconomics

Monetary Policy: What Is the Best Evidence We Have? Large Shocks

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Nakamura and Steinsson Identification in Macroeconomics

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Nakamura and Steinsson Identification in Macroeconomics

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Nakamura and Steinsson Identification in Macroeconomics

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Nakamura and Steinsson Identification in Macroeconomics

Discontinuity-Based Identification Using the Narrative Record to Identify Shocks

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Nakamura and Steinsson Identification in Macroeconomics

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Nakamura and Steinsson Identification in Macroeconomics

Controlling for Confounding Factors

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Nakamura and Steinsson Identification in Macroeconomics

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Nakamura and Steinsson Identification in Macroeconomics

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Nakamura and Steinsson Identification in Macroeconomics

What Do We Do with These Shocks? Conclusion