| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 964132 | Journal of International Money and Finance | 2011 | 17 Pages |
Abstract
⺠The ability of VAR models to identify the transmission mechanism in an experiment. ⺠Data simulated from a small open economy DSGE model estimated for Australia. ⺠Sign restricted VARs estimate the impulse responses much better than recursive VARs. ⺠Sign-restricted VARs able to overcome puzzles related to the real exchange rate. ⺠Central tendency measures of sign-restricted VARs can be misleading.
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Authors
Jarkko P. Jääskelä, David Jennings,