allow for low-frequency variation in the volatility of the shocks, and 2) the estimated degrees of freedom are quite low for … exclude the Great Recession from the sample. We also show that inference about low-frequency changes in volatility - and, in …

parameters of structural vector autoregressive (SVAR) models. Economic theory is the primary source of such restrictions. However …

inference that feature varying level of trade-off between estimation precision and computational speed. Using monthly data for …