An n-variable structural vector auto-regression (SVAR) can be identified (up to shock order) from the evolution of the … process. I propose a new identification argument that identifies the SVAR up to shock orderings using the autocovariance … structure of second moments of the residuals implied by an arbitrary stochastic process for the shock variances. These higher …

This paper evaluates the response of employment to exchange rate shocks at the industry level for the G-7 countries … data are consistent with the view that employment in European industries, at least France and Germany, is much less … United Kingdom and Italy all appear to adjust more quickly. German and Japanese employment are quite insensitive to exchange …

This paper evaluates the response of employment to exchange rate shocks at the industry level for the G-7 countries … data are consistent with the view that employment in European industries, at least France and Germany, is much less … United Kingdom and Italy all appear to adjust more quickly. German and Japanese employment are quite insensitive to exchange …