no code implementations • 29 Dec 2023 • José Luis Montiel Olea, Chen Qiu, Jörg Stoye
We apply classical statistical decision theory to a large class of treatment choice problems with partial identification, revealing important theoretical and practical challenges but also interesting research opportunities.
no code implementations • 16 Apr 2021 • Marco Avella Medina, José Luis Montiel Olea, Cynthia Rush, Amilcar Velez
To make this point, we derive a Bernstein-von Mises theorem showing convergence in total variation distance of $\alpha$-posteriors and their variational approximations to limiting Gaussian distributions.
1 code implementation • 27 Jul 2020 • José Luis Montiel Olea, Mikkel Plagborg-Møller
Applied macroeconomists often compute confidence intervals for impulse responses using local projections, i. e., direct linear regressions of future outcomes on current covariates.