NCER Working Paper Series Some Issues in Using Sign Restrictions for Identifying Structural VARs

Abstract

The paper looks at estimation of structural VARs with sign restrictions. Since sign restrictions do not generate a unique model it is necessary to find some way of summarizing the information they yield. Existing methods present impulse responses from different models and it is argued that they should come from a common model. If this is not done the… (More)

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Cite this paper

@inproceedings{Fry2007NCERWP, title={NCER Working Paper Series Some Issues in Using Sign Restrictions for Identifying Structural VARs}, author={Renee Fry and Adrian R. Pagan and Ren{\'e}e Fry}, year={2007} }