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~isPartOf:"Center for Financial Studies Working Paper"
~person:"Kilian, Lutz"
~person:"Koopman, Siem Jan"
~source:"econis"
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Macroeconomic Responses to Uncertainty Shocks : The Perils of Recursive Orderings
Kilian, Lutz
;
Plante, Michael
;
Richter, Alexander W.
-
2023
prove by counterexample that this practice is invalid in
general
, whether the data generating process is a structural VAR … model or a dynamic stochastic
general
equilibrium model …
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