Beaudry, Paul; Fève, Patrick; Guay, Alain; Portier, Franck - 2020
In SVARs, identification of structural shocks can be subject to nonfundamentalness, as the econometrician may have an … paper we propose a simple diagnostic for the quantitative importance of nonfundamentalness in structural VARs. The … diagnostic is of interest as nonfundamentalness is not an either/or question, and its quantitative implications can be more or …