Narrative Sign Restrictions for SVARs

We identify structural vector autoregressions using narrative sign restrictions. Narrative sign restrictions constrain the structural shocks and/or the historical decomposition around key historical events, ensuring that they agree with the established narrative account of these episodes. Using mode...

Full description

Bibliographic Details

Published in:	The American economic review Vol. 108; no. 10; pp. 2802 - 2829
Main Authors:	Antolín-Díaz, Juan, Rubio-Ramírez, Juan F.
Format:	Journal Article
Language:	English
Published:	Nashville American Economic Association 01.10.2018
Subjects:	Economic models Historical events Inference Monetary policy Narratives Petroleum Regression analysis Restrictions
ISSN:	0002-8282, 1944-7981
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!