This paper follows the Bayesian time-varying VAR approach with stochastic volatility developed by Primiceri (2005), to …-2012) in the Polish economy. The empirical findings show that: (1) output appears more responsive to an interest rate shock at … the beginning of our sample. Since 2000, absorbing this shock has become less costly in terms of output, notwithstanding …

the inclusion of services trade, foremost in terms of data availability, with imputation and estimation techniques …

This paper examines the great supply shock following the pandemic and the invasion of Ukraine, using a novel suite of … from the suite show that the supply shock has had wide-spread effects, and that their dynamics have been industry-, sector …

algorithm for the estimation of the restricted models. We analyze a system of monthly US data on money and income. The test …

In this paper, we investigate the presence of non-linearities in the transmission of geopolitical risk (GPR) shocks …. Our methodology involves incorporating a non-linear function of the identified shock into a VARX model and examining its …