https://www.alexanderkriwoluzky.com/tags/econometrics/ Recent content in Econometrics on Alexander Kriwoluzky Hugo en Fri, 01 Nov 2019 00:00:00 +0000 https://www.alexanderkriwoluzky.com/publications/different_mon_pol/different_mon_pol/ Fri, 01 Nov 2019 00:00:00 +0000 https://www.alexanderkriwoluzky.com/publications/different_mon_pol/different_mon_pol/ <h5 id="abstract">Abstract <a href="#abstract"></a> </h5> <p>In this study, we determine the reliability and exogeneity of popular monetary policy shock measures, including the narrative series of Romer and Romer (2004), the high-frequency series of Barakchian and Crowe (2013), and the high-frequency series of Gertler and Karadi (2015). To this end, we employ test statistics used in the literature to detect weak proxy variables. We find that the measure derived by Gertler and Karadi (2015) is the most suitable in this regard. [web:313][web:315]</p>