Monetary policy evaluation. A counterfactual analysis based on dynamic factor models

Lopez-Buenache, German

doi:10.1080/13504851.2016.1203053

Cited by 1 publication

(1 citation statement)

References 5 publications

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“…Counterfactual evaluation method is widely used in several areas: Padron, Rodrigo and de Vega reported a study that examined the existence of a cognitive developmental paradox in the counterfactual evaluation of decision-making outcomes (Padron et al, 2016); Buenache used counterfactual analysis to simulate the consequences of several monetary policy paths on the key macroeconomic indicators and to identify the optimal exit strategy from the nonstandard monetary environment regarding its timing and magnitude (Buenache, 2016); Jones and Lewis worked on estimating the counterfactual impact of conservation programs on land cover outcomes (Jones & Lewis, 2015); Bottou and Peters described practical counterfactual analysis techniques applicable to many reallife machine learning systems (Bottou & Peters, 2013).…”

Section: Methodology Of the Researchmentioning

confidence: 99%

Counterfactual Impact Evaluation of the Support under Measure “Procesas LT” in Enterprises of the Construction Sector

Baroniene¹,

Žirgutis

2017

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Competitiveness of the State and social welfare are closely related to the effective use of production factors. Organisations that have achieved higher level of labour productivity are more competitive and beneficial for the State and society. Modern management methods have positive impact on labour productivity, therefore their application is supported. One of the promotion measures is "Procesas LT", under which business organisations are granted non-refundable subsidies for the implementation of modern management methods to increase labour productivity. Administrative institutions make decisions about granting funds of this promotion measure for the projects of business organizations, not taking into account macroeconomic factors that influence labour productivity as well. It has been determined that the counterfactual impact evaluation of this measure can be carried out in the enterprises that have been granted the support. The counterfactual impact evaluation of measure "Procesas LT" has been conducted as an empirical research in the enterprises of construction sector that have implemented the Occupational Health and Safety Management System in accordance with the requirements of standard OHSAS 18001. The authors of the research acknowledge Public Institution Lithuanian Business Support Agency for cooperation.

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Section: Methodology Of the Researchmentioning

confidence: 99%

Counterfactual Impact Evaluation of the Support under Measure “Procesas LT” in Enterprises of the Construction Sector

Baroniene¹,

Žirgutis

2017

View full text Add to dashboard Cite

show abstract

Monetary policy evaluation. A counterfactual analysis based on dynamic factor models

Cited by 1 publication

References 5 publications

Counterfactual Impact Evaluation of the Support under Measure “Procesas LT” in Enterprises of the Construction Sector

Counterfactual Impact Evaluation of the Support under Measure “Procesas LT” in Enterprises of the Construction Sector

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