Karau, Sören - 2020 - This draft: October 2020
macroeconometric literature, the paper i) uses a newly-assembled monthly data set of the interwar world economy, and ii) models … monetary disturbances as shocks to central bank gold demand. Based on a monetary DSGE model, the world gold reserve ratio (the … of narrative information to sharpen shock identification in a structural VAR analysis based on sign restrictions …