This paper estimates the effects of exogenous fiscal policy shocks in Spain in a VAR framework. Government expenditure …

dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the … number of endogenous variables tends to infinity. It is shown that under such restrictions, an infinite-dimensional VAR (or … IVAR) can be arbitrarily well characterized by a large number of finite-dimensional models in the spirit of the global VAR …

help predicting euro area GDP. We investigate whether financial variables provide additional predictive power. We use a VAR … between 1999 and 2002. Results from the historical decomposition of a VAR model indeed suggest that in that period shocks were …

and macroeconomic variables in a VAR framework. From impulse-response functions the results, with annual data for a set of …

empirical relationship between US monetary policy and commodity prices by means of a standard VAR system, commonly used in …

-used probit approach, but the dynamics of regressors are endogenized using a VAR. The combined model is called a ‘ProbVAR’. At any …

(2005) and a large scale model, introducing the sign restrictions approach to the global VAR (GVAR) literature, that allows …

the basis of a VAR analysis, the study finds that i) global money demand shocks affect global inflation and also global …

policy debate after the global financial crisis. We estimate a panel VAR for 21 advanced economies based on quarterly data …