We propose a new non-recursive identification scheme for uncertainty shocks, which exploits breaks in the unconditional … volatility of macroeconomic variables. Such identification approach allows us to simultaneously address two major questions in …

a flexible vector autoregressive model that allows to achieve identification in presence of a number of structural …

a flexible vector autoregressive model that allows to achieve identification in presence of a number of structural …

a flexible vector autoregressive model that allows to achieve identification in presence of a number of structural …

In this paper we discuss general identification results for Structural Vector Autoregressions (SVARs) with external … "relevance" and "exogeneity" conditions. We discuss identification results and likelihood-based estimation methods both in the …

We propose a new non-recursive identification scheme for uncertainty shocks, which exploits breaks in the unconditional … volatility of macroeconomic variables. Such identification approach allows us to simultaneously address two major questions in …

In this paper we discuss general identification results for Structural Vector Autoregressions (SVARs) with external … "relevance" and "exogeneity" conditions. We discuss identification results and likelihood-based estimation methods both in the …

a flexible vector autoregressive model that allows to achieve identification in presence of a number of structural …