systems of times series can be fruitfully exploited for identification purposes in SVARs. We show by means of a Monte Carlo …

, and shows that traditional identification procedures may miss important effects. Our new procedure has the advantage of …

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 …