Comparing Two Methods for the Identification of News Shocks

Abstract

Recent empirical literature delivered, based on different structural VAR approaches, controversial results concerning the role of anticipated technology—news—shocks in business cycle fluctuations. We deal with this controversy and investigate (i) the extent to which two prominent structural VAR approaches can be useful in recuperating news shock dynamics… (More)

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@inproceedings{Beaudry2013ComparingTM, title={Comparing Two Methods for the Identification of News Shocks}, author={Paul Beaudry and Franck Portier and Atılım Seymen}, year={2013} }