DP 0253 - Are Fiscal VAR’s Non-Fundamentalness Easily Reversible Through the Addition of Informative Variables?

Using VARs and TVP-VARs with Many Macroeconomic Variables

This paper discusses the challenges faced by the empirical macroeconomist and methods for surmounting them. These challenges arise due to the fact that macroeconometric models potentially include a large number of variables and allow for time variation in parameters. These considerations lead to models which have a large number of parameters to estimate relative to the number of observations. A...

Measuring Fiscal Shocks in Structural VARs Using Narrative Data

We describe a methodology that integrates the narrative approach to the identification of macroeconomic shocks into existing structural VAR settings while allowing for measurement error in the narrative measures of the shocks of interest. We apply our methodology to the fiscal VAR setup of Blanchard and Perotti (2002) and make use of the tax shocks constructed by Romer and Romer (2009). We find...

Efficient Inference in Non-Gaussian Structural VARs

the effect of vocabulary instruction through semantic mapping on learning and recall of efl learners

چکیده ندارد.

Validating Monetary DSGE models through VARs

* This paper grew out of the Panel Discussion of the workshop " SDGE Models and their use in monetary policy " , held at the European Central Bank, June 5-6, 2001. I would like to thank the participants of the TSM conference in Touluse for comments and suggestions.