Sign Restrictions in Bayesian FaVARs with an Application to Monetary Policy Shocks
收藏NBER2015-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21738
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资源简介：
We propose a novel identification strategy of imposing sign restrictions directly on the impulse responses of a large set of variables in a Bayesian factor-augmented vector autoregression. We conceptualize and formalize conditions under which every additional sign restriction imposed can be
提供机构：
美国国家经济研究局
创建时间：
2015-11-01
