general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price … application of the minimum distance estimation. The estimated model can explain the cyclical behavior of employment, hours per … worker, job creation and job destruction conditional on a shock to monetary policy. Moreover, allowing for variation of the …

Recession of 2007-2009 via a Bayesian time-varying parameter structural VAR. We identify a ‘pure’ spread shock which, leaving …

Based on standard New Keynesian models I show that policy counterfactuals based on the theoretical structural VAR …

Bayesian time-varying parameters structural VAR. The Great Inflation episode appears as historically unique along several …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this …. Robustly to alternative definitions of the relative price, identification schemes dictated by two-sided (S,s) pricing theory …

We use a Vector Auto Regression (VAR) analysis to explore the (spill-over) effects of fiscal policy shocks in Europe …. Here, we employ identification based on Choleski decomposition and a structural VAR, both of which lead to the same results …

VAR models comprising real M1, GDP and other indicators, using as benchmark a simple univariate model. As a result, only …