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investigate (i) the extent to thich two prominent structural VAR approaches can be usefull in recuperating news shock dynamics …
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the leading shock candidates can explain fluctuations in output and hours. It concludes that we are much closer to …
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We propose a blended approach which combines identification via heteroskedasticity with the widely used methods of sign restrictions, narrative restrictions, and external instruments.Since heteroskedasticity in the reduced form can be exploited to point identify a set of orthogonal shocks, its...
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