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 …

compared with two less structural approaches for identification of monetary policy shocks. The first assumes that shocks can be …

for Albanian economy that includes means of the Cholesky identification scheme and the sign restrictions approach. The …

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

-varying identification. The model selects alternative exclusion restrictions over time and, as a condition for the search, allows to verify … identification through heteroskedasticity within each regime. Based on four alternative monetary policy rules, we show that a monthly … six-variable system supports time variation in US monetary policy shock identification. In the sample-dominating first …

identification restrictions are of linear or of non-linear form. We study the transmission of monetary policy shocks in models with …