Long‐run restrictions have been used extensively for identifying structural shocks in vector
autoregressive (VAR) analysis. Such restrictions are typically just‐identifying but can be …

In structural vector autoregressive analysis identifying the shocks of interest via
heteroskedasticity has become a standard tool. Unfortunately, the approaches currently …

In structural vector autoregressive analysis identifying the shocks of interest via
heteroskedasticity has become a standard tool. Unfortunately, the approaches currently …

Beside a priori theoretical assumptions on instantaneous or long‐run effects of structural
shocks, sign restrictions have become a prominent means for structural vector …

In this paper we contribute to the literature on the identification of macroeconomic shocks by
proposing a Bayesian SVAR with timevarying volatility of innovations that depend on a …

A growing literature uses changes in residual volatility for identifying structural shocks in
vector autoregressive (VAR) analysis. A number of different models for heteroskedasticity or …

In this study, we examined the transmission mechanism from policy instruments of the
monetary authorities to real development objectives through credit availability in Nigeria …

The recent economic and financial turmoil has led central banks around the world to heavily
utilize unconventional monetary policy measures. Unconventional in this sense means a …

The aim of this paper is to introduce the structural vector with smooth transition and its
application to study a relation between inflation and output growth using a five dimensional …

This dissertation is composed of three chapters. In the first chapter, I estimate the effect of
China's reserve intervention on the Renminbi-Dollar exchange rate and the trade balance in …