Beetsma, Roel; Giuliodori, Massimo; Klaassen, Franc - In: Economics Letters 105 (2009) 3, pp. 253-255
We show how to assess identifying assumptions for a low-frequency SVAR using estimates from a higher-frequency model. In our application quarterly data support identified annual SVARs in government spending and output by assuming zero within-year impact of output on spending.