superfluous information as auxiliary tools of exact identification. To illustrate the procedure and to study the simultaneous …

superfluous information as auxiliary tools of exact identification. To illustrate the procedure and to study the simultaneous …

estimation can have serious consequences for identification, estimation and interpretation of the impulse response functions … bias, mitigate the identification issues, and yield more reliable responses to shocks. The problems and possible remedy are …

process. I propose a new identification argument that identifies the SVAR up to shock orderings using the autocovariance … select among shock orderings; this selection does not impact inference asymptotically. The identification scheme performs …

process. I propose a new identification argument that identifies the SVAR up to shock orderings using the autocovariance … select among shock orderings; this selection does not impact inference asymptotically. The identification scheme performs …

identification. We show that by carefully specifying the structural equations and by extending the standard notion of instrumental … governing the unobservables, as these play a crucial role in creating obstacles or opportunities for identification. Because our … results exhaust the possibilities for identification, we ensure that there are no other opportunities for identification based …