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Persistent link: https://www.econbiz.de/10012619724
We propose an approach for Bayesian inference in \TV SVARs identified with sign restrictions. The linchpin of our approach is a class of rotation-invariant \TV SVARs in which the prior and posterior densities of any sequence of structural parameters belonging to the class are invariant to...
Persistent link: https://www.econbiz.de/10014481197