Oscar Jorda

About

Oscar Jorda is a professor of economics at UC Davis, specializing in econometrics and applied macroeconomics. He holds a Ph.D. in Economics from the University of California, San Diego, obtained in 1997, and a B.S. in Economics from Universidad Complutense de Madrid, earned in 1991. His research focuses on time series econometrics, macroeconomics, monetary economics, and international finance. Professor Jorda has contributed to the understanding of the long-run effects of monetary policy, the economic consequences of pandemics, and issues related to bank solvency and liquidity during crises. He teaches undergraduate and graduate courses in econometrics and time series analysis, sharing his expertise with students at UC Davis.

Research topics

• Monetary economics
• Economics
• Computer Science
• Market economy
• Development economics
• Macroeconomics
• Finance
• Labour economics
• Econometrics
• Mathematics

Selected publications

• Longer-Run Economic Consequences of Pandemics

  The Review of Economics and Statistics · 2021 · 255 citations

  1st authorCorresponding

  Abstract What are the medium- to long-term effects of pandemics? Do they differ from other economic disasters? We study major pandemics using rates of return on assets stretching back to the fourteenth century. Significant macroeconomic after-effects of pandemics persist for decades, with rates of return substantially depressed. The responses are in stark contrast to what happens after wars. Our findings also accord with wage and output responses, using more limited data, and are consistent with…

  DOI

• Longer-Run Economic Consequences of Pandemics

  Federal Reserve Bank of San Francisco, Working Paper Series · 2020 · 175 citations

  1st authorCorresponding

  What are the medium- to long-term effects of pandemics? How do they differ from other economic disasters? We study major pandemics using the rates of return on assets stretching back to the 14th century. Significant macroeconomic after-effects of pandemics persist for decades, with real rates of return substantially depressed, in stark contrast to what happens after wars. Our findings are consistent with the neoclassical growth model: capital is destroyed in wars, but not in pandemics; pandemics…

  DOI

• Local Projections for Applied Economics

  Annual Review of Economics · 2023-09-13 · 115 citations

  articleOpen access1st authorCorresponding

  The dynamic causal effect of an intervention on an outcome is of paramount interest to applied macro- and microeconomics research. However, this question has been generally approached differently by the two literatures. In making the transition from traditional time series methods to applied microeconometrics, local projections can serve as a natural bridge. Local projections can translate the familiar language of vector autoregressions and impulse responses into the language of potential outcom…

  PublisherOA PDFDOI

• A Local Projections Approach to Difference-in-Differences

  National Bureau of Economic Research · 2023-04-01 · 92 citations

  reportOpen access

  We propose a local projections (LPs) based difference-in-differences approach that subsumes many of the recent solutions proposed in the literature to address possible biases arising from negative weighting. We combine LPs with a flexible ‘clean control’ condition to define appropriate sets of treated and control units. Our proposed LP-DiD estimator can be implemented with various weighting and normalization schemes for different target estimands, can be extended to include covariates or accommo…

  PublisherDOI

• Inflation and wage growth since the pandemic

  European Economic Review · 2023-05-15 · 56 citations

  articleOpen access1st authorCorresponding
  PublisherOA PDFDOI

Frequent coauthors

• Alan M. Taylor

  Centre for Economic Policy Research

  227 shared

• Moritz Schularick

  155 shared

• Massimiliano Marcellino

  53 shared

• Guido M. Kuersteiner

  University of Maryland, College Park

  47 shared

• Travis J. Berge

  Federal Reserve Board of Governors

  33 shared

• Malte Knüppel

  Deutsche Bundesbank

  29 shared

• Joshua D. Angrist

  28 shared

• Fernanda Nechio

  21 shared

Similar researchers at University of California, Davis

• Giovanni Perih-69
• Katherine Erikssonh-66
• Marianne Bitlerh-41