Local Projections

A flexible econometric estimation technique introduced by Òscar Jordà (2005) used to calculate impulse response functions over multiple horizons without imposing vector autoregressive structural restrictions.

Source: The effects of geopolitical risk on sovereign debt holders in the euro area (European Central Bank) · p.9

Reports that mention Local Projections

The Macroeconomic Effects of Defence Spending: What Impact Beyond GDP?European Central Bank

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