Inoue, Atsushi; Kilian, Lutz - In: Journal of Econometrics 177 (2013) 1, pp. 1-13
Skepticism toward traditional identifying assumptions based on exclusion restrictions has led to a surge in the use of structural VAR models in which structural shocks are identified by restricting the sign of the responses of selected macroeconomic aggregates to these shocks. Researchers...
