get_vals_switching {lpirfs} | R Documentation |
Compute values of transition function to separate regimes
Description
Computes transition values by using a smooth transition function as used in Auerbach and Gorodnichenko (2012). The time series used in the transition function can be detrended via the Hodrick-Prescott filter (see Auerbach and Gorodnichenko, 2013).
Usage
get_vals_switching(data_set, specs)
Arguments
data_set |
A numeric vector or a panel data set, depending on the model to estimate. |
specs |
Value
fz |
A numeric vector with values from the smooth transition function |
Author(s)
Philipp Adämmer
References
Auerbach, A. J., and Gorodnichenko Y. (2012). "Measuring the Output Responses to Fiscal Policy." American Economic Journal: Economic Policy, 4 (2): 1-27.
Auerbach, A. J., and Gorodnichenko Y. (2013). "Fiscal Multipliers in Recession and Expansion." NBER Working Paper Series. Nr 17447.
[Package lpirfs version 0.2.3 Index]