Bhattarai, Keshab; Mallick, Sushanta K. - Rimini Centre for Economic Analysis (RCEA) - 2015
Impulse response and variance decomposition estimations are similar in traditional VAR (1) and BVAR-DSGE models but the later model can provide theoretical and structural reasons behind those estimations. In the context of growth competition and spill over effects of policies, it is important to...