identification scheme to derive structural impulse responses. We focus on identification of shocks to the US economy, particularly …

. Each of these determinants also Granger cause buying perceptions. Generalized impulse responses show that shocks to each of … cause buying perceptions. Generalized impulse responses show that shocks to each of the above variables have a predictable … Decompositions, Impulse Responses. JEL Classification: C50, R20. Acknowledgements The author gratefully acknowledges support from the …

returns with the world return. Using impulse responses from a multivariate nonlinear model we provide evidence of time …

-causality tests, a test for fiscal adjustment neutrality and Generalized Impulse Responses, this paper provides evidence in favor of …