*Post-Double-Lasso is becoming the most popular method for estimating linear regression models with many covariates when the purpose is to obtain an accurate estimate of a parameter of interest, such as an average treatment effect. However, this method can suffer from substantial omitted variable bias in finite sample. We propose a new method called Post-Double-Autometrics, which is based on Autometrics, and show that this method outperforms Post-Double-Lasso. Its use in a standard application of economic growth sheds new light on the hypothesis of convergence from poor to rich economies.

**Do macroeconomic imbalances among monetary union members shape the transmission of unconventional monetary policy? If so, how do they affect its redistributional effects? To address these questions, I develop a Two-country two-agent New Keynesian (TANK2) model, replicating core and peripheral countries in the Eurozone. I introduce heterogeneity in their financial constraints to capture macroeconomic imbalances between these countries during the Global Financial Crisis. The next step involves estimating local projections à la Jorda (2005) for Eurozone countries during the Quantitative Easing period.