منابع مشابه
An Introduction into the SVAR Methodology: Identification, Interpretation and Limitations of SVAR models
This paper aims to provide a non-technical introduction into the SVAR methodology. Particular emphasize is put on the approach to identification in SVAR models, which is compared to identification in simultaneous equation models. It is shown that SVAR models are useful tools to analyze the dynamics of a model by subjecting it to an unexpected shock, whereas simultaneous equation models are bett...
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Within the approaches that have been applied to assess the impact of public capital on economic growth, this paper estimates the dynamic effects of public infrastructures using a structural vector autoregressive (SVAR) methodology for the Spanish regions. From a methodological point of view, our work contains different innovative features with respect to the previous studies using VAR models. T...
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This paper proposes a Bayesian approach to assess if the data support candidate set-identifying restrictions for Vector Autoregressive models. The researcher is uncertain about the validity of some sign restrictions that she is contemplating to use. She therefore expresses her uncertainty with a prior distribution that covers the parameter space both where the restrictions are satisfied and whe...
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Familial occurrence of chromosomal anomalies may be caused by: (1) numerical chromosomal abnormalities present in all or some of the cells of one of the parents (secondary non-disjunction), or (2) by a genetically determined tendency to meiotic or mitotic non-disjunction. Structural chromosomal abnormalities such as translocations have also been described as frequent causes of familial chromoso...
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We explore the use of external instrument SVAR to identify monetary policy shocks. We identify a forward guidance shock as the monetary shock component having zero instant impact on the policy rate. A contractionary forward guidance shock raises both future output and price level, stressing the relative importance of revealing policymakers’ view on future output and price level over committing ...
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ژورنال
عنوان ژورنال: rus & avhengighet
سال: 2004
ISSN: 0809-2834
DOI: 10.18261/issn0809-2834-2004-06-20