Identification of structural VAR models via independent component analysis: A performance evaluation study
A Moneta, G Pallante - Journal of Economic Dynamics and Control, 2022 - Elsevier
Abstract Independent Component Analysis (ICA) is a statistical method that linearly
transforms a random vector. Under the assumption that the observed data are mixtures of …
transforms a random vector. Under the assumption that the observed data are mixtures of …
Estimating Fiscal Multipliers by Combining Statistical Identification with Potentially Endogenous Proxies
Different proxy variables used in fiscal policy SVARs lead to contradicting conclusions
regarding the size of fiscal multipliers. We show that the conflicting results are due to …
regarding the size of fiscal multipliers. We show that the conflicting results are due to …
[HTML][HTML] Sectoral fiscal multipliers and technology in open economy
O Cardi, R Restout - Journal of International Economics, 2023 - Elsevier
Our evidence reveals that the rise in real GDP is uniformly distributed across sectors
following a government spending shock while labor growth is concentrated in non-traded …
following a government spending shock while labor growth is concentrated in non-traded …