Jacob D Orchard
Biographic Data
| ID | 5732840 |
|---|---|
| NAME | Jacob D Orchard |
| GIVEN NAMES | Jacob D |
| FAMILY NAME | Orchard |
| SIGNATURE | ORCHARD J D |
| AFFILIATIONS | Federal Reserve Board of Governors |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 1 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2025 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 0 |
Using Macro Counterfactuals to Assess Plausibility: An Illustration using the 2001 Rebate MPCs
Macroeconomics has increasingly adopted tools from the applied micro ‘credibility revolution’ to estimate micro parameters that can inform macro questions. In this paper, we argue that researchers should take advantage of this confluence of micro and macro to take the credibility revolution one step further. We argue that researchers should assess the plausibility of the micro estimates and macro models by constructing macro counterfactuals for h…
No prominent works on this page.
Using Macro Counterfactuals to Assess Plausibility: An Illustration using the 2001 Rebate MPCs
Macroeconomics has increasingly adopted tools from the applied micro ‘credibility revolution’ to estimate micro parameters that can inform macro questions. In this paper, we argue that researchers should take advantage of this confluence of micro and macro to take the credibility revolution one step further. We argue that researchers should assess the plausibility of the micro estimates and macro models by constructing macro counterfactuals for h…
Computer Science (1 works) · Counterfactual conditional (1 works) · Counterfactual thinking (1 works) · Econometrics (1 works) · Economic Policies and Impacts (1 works) · Economics (1 works) · Epistemology (1 works) · Macro (1 works) · Mathematical economics (1 works) · Philosophy (1 works)