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- Mon Nov 14, 2011 4:40 am
- Forum: Estimation
- Topic: Impulse response to Cholesky 1% shock
- Replies: 13
- Views: 44054
Re: Impulse response to Cholesky 1% shock
The identification of monetary policy shocks in structural VARs is often achieved by assuming delayed impacts on inflation and output like Cholesky economy.