, government spending and relative prices which provides the orthogonality restrictions for obtaining the structural shocks …

-tradable sector triggered by the positive resource shock in booming regions. We find evidence of such an effect for the aggregate …

the U.S.. I present a structural model of the firm's behavior that allows tractable derivation of labor demand …

Long-run restrictions have been used extensively for identifying structural shocks in vector autoregressive (VAR … for checking long-run identifying restrictions in structural VAR analysis is illustrated by reconsidering models for …

drawbacks. It thereby enables researchers wishing to use identification of structural VAR models via heteroskedasticity to make …A growing literature uses changes in residual volatility for identifying structural shocks in vector autoregressive … (VAR) analysis. A number of different models for heteroskedasticity or conditional heteroskedasticity are proposed and used …

A central issue of monetary policy analysis is the specification of monetary policy shocks. In a structural vector …

policy shock, and that there is no delay in the overshooting of the U.S. Dollar. Furthermore, there is no persistent …

of nominal exchange rates as shock absorbing instruments - were not the decisive factor behind these countries' decisions …