and zero restrictions. We find that trade liberalization generates permanent depreciation, and higher government … countries. The analysis is based on a panel structural vector error correction model, and the shocks are identified using sign …

with sign and zero restrictions is theoretically attractive because it allows the researcher to remain agnostic with … and zero restrictions and the answers have been positive and definite in both cases. While the identification of SVARs … deficit-financed spending to increase output? These questions have been previously studied using SVARs identified with sign …

-nanced spending to increase output? These questions have been previously studied using SVARs identied with sign and zero restrictions … and the answers have been positive and denite in both cases. While the identication of SVARs with sign and zero … restrictions is theoretically attractive because it allows the researcher to remain agnostic with respect to the responses of the …

with sign and zero restrictions is theoretically attractive because it allows the researcher to remain agnostic with … and zero restrictions and the answers have been positive and definite in both cases. While the identification of SVARs … deficit-financed spending to increase output? These questions have been previously studied using SVARs identified with sign …