I am writing my thesis on the impact of banking crises in education using Local Projections using fixed effects.

I am coding in R many functions to then choose the best one. However I do not know how to interpret and compare the results.

The function ("lp_lin_panel" from the package "lpirfs") returns

1. A matrix, containing the impulse responses. The columns are the horizons - ("irf_lin_mean")

2. A matrix, containing all lower confidence bands. The columns are the horizons. ("irf_lin_low")

3. A matrix, containing all upper confidence bands. The columns are the horizons. ("irf_lin_up")

4. Regression output for each horizon. ("reg_summaries")

For example, between these two images, which regression should and choose and why ?

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