Periodic Reporting for period 3 - PABIR (Policy analysis with beliefs about identifying restrictions)
Periodo di rendicontazione: 2019-10-01 al 2021-03-31
Research that I expect to conduct until the end of the project includes: 1) extending the multiple-prior Bayesian approach to fiscal policy analysis in models identified by external instruments (so-called "Proxy VARs"), also addressing the interplay between set identification and weak identification that can arise in these models; 2) applying the estimation under ambiguity approach to the empirically relevant context of elasticity estimation; 3) pursuing an alternative approach to model selection for the purpose of policy evaluation (having shown in the completed research that the multiple-prior approach is not fit for this purpose).