Because most trade is invoiced in a few dominant currencies rather than in the producer's or the destination's currency, it is the dollar exchange rate and not the bilateral one that drives import …
This paper provides formal theoretical results on the relative robustness of local projection (LP) and vector autoregression (VAR) confidence intervals for impulse response inference when the data …
This 2022 Journal of Political Economy paper by Mikkel Plagborg-Møller and Christian K. Wolf asks what an external instrument (a proxy correlated with one structural shock and uncorrelated with the …
This 2021 Econometrica paper by José Luis Montiel Olea and Mikkel Plagborg-Møller studies what inference procedure applied researchers should use for local-projection (LP) estimates of impulse …
This 2021 Econometrica paper by Mikkel Plagborg-Møller and Christian K. Wolf proves that local-projection (LP) and vector-autoregression (VAR) based impulse-response estimators are, at the population …
This 2024 Journal of Econometrics paper by Dake Li, Mikkel Plagborg-Møller, and Christian K. Wolf asks a purely practical question rather than proposing a new estimator or identification scheme: when …
PublishedClassicJournal of Applied EconometricsPublished Jan 2019
This 2019 Journal of Applied Econometrics paper by José Luis Montiel Olea and Mikkel Plagborg-Møller addresses a practical problem in applied time-series econometrics: which "simultaneous" (joint, …