Identification of monetary policy shocks: a graphical causal approach
This paper develops a structural VAR methodology based on graphical models to identify the monetary policy shocks and to measure their macroeconomic effects. The advantage of this procedure is to work with testable overidentifying models, whose restrictions are derived by the partial correlations am...
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| Format: | Article |
| Language: | English |
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Coimbra University Press
2016-09-01
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| Series: | Notas Económicas |
| Online Access: | https://impactum-journals.uc.pt/notaseconomicas/article/view/3665 |