In recent years local projections have become a more and more popular methodology for the estimation of impulse …

analysis for structural shock identification within a non-linear vector autoregressive setting with generalized impulse …

the structural shock of interest. Then, to trace out the dynamic effects of the structural shock, we compare the evolution …

This study explores the dynamic linkage of exogenous oil shock and economic activity in Nigeria in Nigeria via a sign … product react instantaneously, although short-lived, following a unit standard deviation change in oil shock while exchange … rate and other variables of interest react, slowly and insignificantly, with several lags after shock initialization …

six-variable system supports time variation in US monetary policy shock identification. In the sample-dominating first … stimulus, features the liquidity effect, and is complemented by a pure term spread shock. Absent the specific monetary policy …

particular, standard local projections identify responses that include an effect due to the persistence of the shock, while … projections and moving average representations. In particular, the inclusion of leads of the shock in local projections allows to …