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Gains from trade: Demand, supply and idiosyncratic shocks (replication data)
Firm-level sales are often used as a proxy for productivity to quantify welfare Gains from Trade (GFT) using firm-level data. This approach ignores the fact that heterogeneity... -
Identifying oil price shocks with global, developed, and emerging latent real...
This is the replication package for the empirical results in "Identifying oil price shocks with global, developed, and emerging latent real economy activity factors" by Antoine... -
Identifying exchange rate effects and spillovers of U.S. monetary policy shoc...
We propose a novel econometric approach to estimating time-varying policy effects using external instruments in the presence of time-varying instrument relevance in a... -
Approximating grouped fixed effects estimation via fuzzy clustering regressio...
We propose a new, computationally efficient way to approximate the “grouped fixed effects” (GFE) estimator of Bonhomme and Manresa (2015), which estimates grouped patterns of... -
Exchange rates and macroeconomic fundamentals (replication data)
We examine the relationship between exchange rates and macroeconomic fundamentals using a two-step maximum likelihood estimator through which we compute time-varying factor...
