Grant detail

Application of Synthetic Control Method to Various Economic Policy Interventions (2019)

Principal investigator: Matěj Opatrný MSc.
Collaborators: Mgr. Václav Brož
doc. PhDr. Tomáš Havránek Ph.D.
Description: The focus of this project is twofold. First, we aim to apply the SCM on various economic policy interventions. Specifically, we will analyse 1) the impact of agricultural subsidies on the farm production in the Czech Republic after the accession of the European Union (EU) in 2004, 2) the Impact of the Brexit Vote on UK Financial Markets: A Synthetic Control Method Approach, and 3) the impact of two hikes by the European Central Bank (ECB) in 2011 on macroeconomic indicators of selected eurozone countries. Second, this project aims to deliver methodological improvements to the SCM, such as the implementation of confidence intervals as one of the robustness checks of the SCM. Therefore, the added value of the project will be the proper analysis of the aforementioned policy interventions using SCM and improve the SCM by using confidence intervals as one of the robustness check. Furthermore, we will compare Difference in Difference method (DiD) and SCM in the study of the impact of agricultural subsidies on the farm production in the Czech Republic after the accession of the European Union (EU) in 2004. We plan to finish first two articles in the year 2019/2020 and 2020/21 and the last one in the year 2020/2021 and 2021/2022.
Participation: Principal investigator (Matěj Opatrný)
• Data collection and summary of the literature
• Conducting empirical analysis
• Preparing a paper with results of the research
• Submission of the paper to a relevant journal as suggested by the supervisor
• Presentation of results of the research at conferences
Participant (Václav Brož)
• Data collection and summary of the literature
• Preparing a paper with results of the research
Supervisor (Tomáš Havránek)
• Advisory and consulting role over the entire project (hypotheses, methodology, description of results of the research, the final form of the publication)
• Suggesting an appropriate journal for submission of the paper
Work in grant: The goal of this project is to conduct three analysis based on using the SCM. Moreover, we will contribute to the SCM literature by comparing it with DiD method and examining the confidence intervals for the SCM.
Web link:
Finance: podaný návrh na GAUK č. 628120
End date: 2022
Publications:
Conferences:
Downloadable: Proposal

Partners

Deloitte

Sponsors

CRIF
McKinsey
Patria Finance