Structural vector autoregressive (VAR) models were introduced in 1980 as an alternative to traditional large … of the structural VAR methodology often were atheoretical in that users paid insufficient attention to the conditions … identifying assumptions the structural VAR literature has continuously evolved since the 1980s. This survey traces the evolution …

shocks for the real price of oil based on structural VAR models identified by exclusion restrictions, but imply very … different dynamics from the median responses in VAR models based on sign restrictions only. …

widely used in the literature. For example, it is common to order energy prices first in recursively identified VAR models of … that energy prices should be ordered ast in recursively identified VAR models. In this paper, we propose a formal test of …

component of high powered money, not its total amount. Using a structural VAR approach, this paper evaluates this claim …