a successful identification of unconventional monetary policy shocks by the earlier studies and that their approach does … not serve the purpose of evaluating identification strategies of SVARs. …

expected future real interest rates. In this paper we apply a new identification procedure, based on proxy and IV variables, to …

This paper applies a new identification approach to estimate the contemporaneous relation between the term structure … and monetary policy within a VAR framework. To achieve identification, we combine high-frequency Treasury futures and fed …

Hungarian data. I compare two identification approaches. One of them involves the ‘sign restrictions on impulse responses … history. My argument is that in certain cases, especially in the case of the Hungarian economy, the latter identification … identification approaches produced very similar results, imposing restrictions on history may help to dampen counterintuitive …