Causal Effects of Monetary Shocks: Semiparametric Conditional Independence Tests with a Multinomial Propensity Score
We develop semiparametric tests for conditional independence in time series models of causal effects. Our approach is motivated by empirical studies of monetary policy effects. Our approach is semiparametric in the sense that we model the process determining the distribution of treatment the poli...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
MIT Press
2011
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| Online Access: | http://hdl.handle.net/1721.1/61874 https://orcid.org/0000-0001-6992-8956 |