, and Sweden—using generalized impulse response functions. The results provide empirical support for the J-curve. Each …

quarterly inflation rate in the empirical analysis. After a monetary policy shock, the impulse response functions for output and … the real exchange rate. Sensitivity analysis suggests that the shape of the obtained impulse response functions is fairly …

estimating VAR-models including impulse response functions. Historically, the female labor force participation rate increases …

response functions indicating that the effectiveness of monetary policy is underestimated in the standard model. Forecast error … agreements as the most important instrument of the Bundesbank. The resulting non-recursive structural VAR model produces impulse …

distinct with respect to the time series properties of the interest rate spread. Regime-dependent impulse response functions …

effects of demand shocks on output is used to restrict the impulse response functions. This method is confronted with a … dynamics of the restricted impulse response functions, the dynamics of the constrained VAR models coincides with the … cannot be guaranteed in every case. As a further essential contribution all feasible impulse response functions satisfying a …

response functions or to perform tests of hypotheses concerning forecast error variance decompositions. The relevance of the … asymptotic distribution of the moving average parameters can be used to determine asymptotic confidence intervals of impulse …