sensible results for a SVAR that identifies money policy shocks using timing restrictions …

When the VAR representation of a times series has a non-fundamental representation, standard SVAR techniques cannot be … a time series may be very close to its fundamental representation implying that standard SVAR techniques may provide a …

emerges from empirical SVAR models is strikingly different. We estimate country-specific SVARs using data from 38 emerging and …

We construct shock elasticities that are pricing counterparts to impulse response functions. Recall that impulse … response functions measure the importance of next-period shocks for future values of a time series. Shock elasticities measure … the contributions to the price and to the expected future cash flow from changes in the exposure to a shock in the next …

government spending shock. In addition, the deep-habit model predicts that in response to an anticipated increase in government … narrative identification approach. In this way, the deep-habit model reconciles the findings of the SVAR and narrative …

This paper develops a structural VAR model to measure how a shock to one country can affect the GDP of other countries …. It uses trade linkages to estimate the multiplier effects of a shock as it is transmitted through other countries' output …-trade matrix. For example, due to these output-multiplier effects, a shock to one country can have a large impact on countries that …

parameterization generally assumed in the New Keynesian literature. In passage, we use the model to justify a new SVAR procedure that …