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Sharpening Economic Interpretation with HARS

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NBER2026-07-01 更新2026-07-22 收录
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We develop a unified framework that combines shock volatility with sign and narrative restrictions and provides the theoretical foundation for the computationally efficient sampler HARS. HARS preserves the heteroskedastic likelihood and can be combined with any posterior simulator for the

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2026-07-01
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