Fortunato, Andres; Herwartz, Helmut - In: Latin American economic review : LAER ; official … 32 (2023), pp. 1-21
of a recursive model structure and the use of linear impulse response functions. As a result, we cannot fully confirm … analysis for structural shock identification within a non-linear vector autoregressive setting with generalized impulse … response functions. Thereby we relax more restrictive assumptions adopted in previous studies, namely the a-priori assumption …