📅 2024-06-24 — Session: Conducted literature review on economic shocks
🕒 01:30–02:10
🏷️ Labels: Economic Shocks, Literature Review, Econometrics, Simulation Techniques, Research Gaps
📂 Project: Business
⭐ Priority: MEDIUM
Session Goal
The session aimed to conduct a comprehensive literature review on economic shocks, focusing on identifying research gaps and exploring advanced econometric methods for shock analysis.
Key Activities
- Reviewed key literature on economic shocks, highlighting significant contributions and existing research gaps.
- Analyzed Laura Mayoral’s paper on shock persistence and its implications for economic simulations using bootstrap methods.
- Explored various econometric identification methods, such as Cholesky decompositions and SVAR, for enhancing economic shock research.
- Discussed the integration of FAVARs and DSGE models in economic shock analysis, focusing on impulse response estimation and nonlinearities.
- Differentiated between theoretical identification and empirical accounting of economic shocks, emphasizing practical policy implications.
Achievements
- Compiled a structured overview of relevant literature, providing a guide for positioning new research.
- Connected insights from existing research to ongoing work in economic simulations and econometric methods.
Pending Tasks
- Further exploration of empirical validation techniques for identified research gaps.
- Development of a detailed research proposal based on identified gaps and methodologies.