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rate. We show how this information can be used to achieve identification without having to make the usual strong assumption …
Persistent link: https://www.econbiz.de/10005530966
This volume contains a collection of papers, commentaries and speeches that review the strategic and operational decisions taken by the central banks to combat the crisis and that reflect on the lessons for the future. The contributions are grouped around five broad topics: monetary policy...
Persistent link: https://www.econbiz.de/10009209883
This volume contains a collection of papers, commentaries and speeches that review the strategic and operational decisions taken by the central banks to combat the crisis and that reflect on the lessons for the future. The contributions are grouped around five broad topics: monetary policy...
Persistent link: https://www.econbiz.de/10009209884
This volume contains a collection of papers, commentaries and speeches concerning the first decade of the euro and the recent global financial crisis.
Persistent link: https://www.econbiz.de/10009209885
-form model, all identification approaches used in the literature yield qualitatively and quantitatively very similar results as … estimated or calibrated for alternative identification approaches. These differences also translate into uncertainty about the …
Persistent link: https://www.econbiz.de/10005344811
literatures, states that joint identification of the elasticity of capital-labor substitution and technical bias is infeasible … heart of a Monte Carlo analysis we identify the conditions under which identification is feasible and robust. The key result …
Persistent link: https://www.econbiz.de/10005002765
in 1974-2007. It uses a Bayesian VAR with sign restrictions for the identification of asset price shocks and to test …
Persistent link: https://www.econbiz.de/10005002779
observational equivalence, partial and weak identification problems are widespread, that they lead to biased estimates, unreliable t … identification and study how small samples interact with parameters and shock identification. We provide diagnostics and tests to … detect identification failures and apply them to a state-of-the-art model. JEL Classification: C13, C51, C52, E32 …
Persistent link: https://www.econbiz.de/10005530774
, with both real and nominal frictions, and with sufficiently wide ranges for their parameterers. This identification …
Persistent link: https://www.econbiz.de/10005530794
sufficient conditions for identification of the structural shocks and the associated impulse response functions. In particular …
Persistent link: https://www.econbiz.de/10005530813