The identification of fiscal and monetary policy in a structural VAR
Good economic management depends on understanding shocks from monetary policy, fiscal policy and other sources affecting the economy and their subsequent interactions. This paper presents a new methodology to disentangle such shocks in a structural VAR framework. The method combines identification via sign restrictions, cointegration and traditional exclusion restrictions within a system which explicitly models stationary and non-stationary variables and accounts for both permanent and...[Show more]
|Collections||ANU Research Publications|
|Source:||Economic Modelling26.6 (2009):1147–1160|
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