studies or
“synthetic counterfactuals” or SCM
• Abadie et al: AER 2003, JASA...Campos and
Kinoshita 2010 IMFSP)
� Anti-smoking legislation (Abadie et al....
5
10
15
20
25
30
DNK GBR SWE FIN IRL AUT DEU NLD BEL FRA ITA PRT CRO ESP GRC...20
30
40
50
60
70
DNK FIN GBR SWE IRL DEU AUT NLD BEL FRA PRT ITA CRO ESP...
Intuitively, what this
SCM PSM
Divergence from counterfactual at: GRC CYP IRL...Journal of the American
Statistical Association, 105(490), 493–505. doi:DOI...
of Gross NPL
Total Debt-to-GDP
(Percent of GDP)
Dummy NLD PRT BEL FRA ESP ITA GRC...8
Debt-stabilizing primary gap-to-GDP IRL DEU AUT PRT ITA ESP NLD BEL FRA FIN...
