Impulse response functions from time series models are standard tools for analyzing the relationship between economic variables. The asymptotic distribution of orthogonalized impulse responses is ...

This paper examines the issue of how to identify the shocks in a cointegrated VAR when the following assumptions are made: the variables can be classified as endogenous or exogenous, there are as many ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We employ a structural panel VAR model with interaction terms to identify determinants of effective transmission from ...