. The endogeneity problem is treated with the method of identification through heteroskedasticity as described by Rigobon …

Hungarian data. I compare two identification approaches. One of them involves the ‘sign restrictions on impulse responses … history. My argument is that in certain cases, especially in the case of the Hungarian economy, the latter identification … identification approaches produced very similar results, imposing restrictions on history may help to dampen counterintuitive …

hypothesis suffers from lack of identification because Phillips curve nonlinearity combined with quadratic central bank …

We show that a sufficient condition for the identification ofall parameters of the censored regression model with …

identification lies at the root of these differences. To deal with this lack of identification, we propose an identification strategy … subjective choices due to a lack of identification. We apply our methodology to the pollution-income relationship of both CO2 …

news shocks. Thereby, the correlation coefficient between news shocks of a short-run identification scheme and technology … shocks of a long-run identification scheme in the VAR framework measures the extent to which news incorporated into forward …