Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/174545 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
LEM Working Paper Series No. 2016/36
Verlag: 
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM), Pisa
Zusammenfassung: 
This study investigates the effects of a monetary policy shock on real output and prices, by means of a novel distribution-free nonrecursive identification scheme for structural vector autoregressions. Structural shocks are assumed to be mutually independent. The identification procedure is agnostic in Uhlig [2005]'s sense, since the response of output to a monetary shock is not restricted. Moreover, assuming mutual independence of the shocks allows us to impose no additional constraints derived from economic theory.
Schlagwörter: 
Structural Models
Vector Autoregressions
Independent Component Analysis
Identification
Monetary Policy
JEL: 
C14
C18
C38
C51
E52
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
917.59 kB





Publikationen in EconStor sind urheberrechtlich geschützt.