process. I propose a new identification argument that identifies the SVAR up to shock orderings using the autocovariance … select among shock orderings; this selection does not impact inference asymptotically. The identification scheme performs …

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 …

We address the identification of low-frequency macroeconomic shocks, such as technology, in Structural Vector … Autoregressions. Whilst identification issues with long-run restrictions are well documented, we demonstrate that the recent attempt …-run specifications. We offer a new spectral methodology to improve empirical identification. This new preferred methodology offers …