FEVE, Patrick; JIDOUD, Ahmat - In: Annales d'Economie et de Statistique (2014) 113-114
This paper assesses SVARs as relevant tools at identifying the dynamic effects or news shocks, Because of the misalignment between the econometrician and private agents' information sets resulting from foresight the dynamic responses identified from SVARs using either long-run and short-run...