Wiesen presents research on modeling responses to shocks
Dr. Tommy Wiesen, Assistant Professor in the School of Economics (SOE), presented his research on modeling responses to shocks at the 2022 Annual Conference of the Western Economics Association International in Portland, Oregon. His talk, A Joint Impulse Response Function for Vector Autoregressive Models, addresses the usefulness of developing new approaches to assess the impacts of multiple shocks on economic variables. Dr. Thomas Wiesen, along with his coauthor Dr. Paul Beaumont from the Florida State University, propose what they call a joint impulse response function, which is designed to measure the total impact on an economic variable due to a collection of simultaneous shocks from several variables together.
To review their working paper, click here.
For more information about the 2022 Western Economics Association International Annual Conference, click here.