Arias, Jonas E.; Rubio-Ramírez, Juan F.; Waggoner, … - 2014
autoregressions (SVAR) identified with sign and zero restrictions and the answers have been positive and definite in both cases … of these techniques does not respect the agnosticism of the theory. These algorithms impose additional sign restrictions … agnosticism of the theory. Without the additional restrictions, it is hard to support the claim that either optimism shocks are an …