Inference for local projections
综述了局部投影法估计脉冲响应的推断方法，涵盖过去二十年的文献结果及新提出的程序，帮助分析师评估估计精度、动态演变及零效应检验。
Summary Inference for impulse responses estimated with local projections presents interesting challenges and opportunities. Analysts typically want to assess the precision of individual estimates, explore the dynamic evolution of the response over particular regions, and generally determine whether the impulse generates a response that is any different from the null of no effect. Each of these goals requires a different approach to inference. In this article, we provide an overview of results that have appeared in the literature in the past twenty years along with some new procedures that we introduce here.