The paper provides a review of the estimation of structural vector autoregressions with sign
restrictions. It is shown how sign restrictions solve the parametric identification problem …

This paper aims to survey the existing literature, both theoretical and empirical, on the
relationship between monetary policy and economic growth. While there has been a wide …

I estimate the transmission of a common euro area monetary policy shock across individual
euro area economies. To do so, I develop a global VAR model in which all euro area …

This paper explores the role played by monetary policy in promoting economic growth in the
South African economy over the period 2000-2010. The study employs the Augmented …

This study examines the impact of monetary policy on economic growth in Nigeria. The study
uses time-series data covering the range of 1975 to 2010. The effects of stochastic shocks of …

The transmission of monetary policy to the economy is generally thought to have long and
variable lags. In this paper we quantitatively review the modern literature on monetary …

We investigate the link between fiscal policy shocks and asset markets. Our results show
that spending shocks have: a positive and persistent effect on GDP in the US and in the UK …

Correctly identifying the effects of monetary policy innovations is necessary for good policy
making. In this paper, we carry out a controlled experiment using a structural vector …

This paper examines the real effects of financial stress in the Euro-zone, using two
identification strategies based on a Bayesian Structural VAR and a Sign-Restriction VAR. As …

Nigeria has over the years been controlling her economy through various macroeconomic
policies of which monetary policy is among using some monetary policy instruments in …