Inference Based on SVARs Identied with Sign and Zero Restrictions: Theory and Applications

Preprint OPEN
Jonas E. Arias; Juan Rubio-Ramirez; Daniel F. Waggoner;
  • Subject: Sign and Zero Restrictions,Optimism and Fiscal Shocks,SVARs
    • jel: jel:C10

Are optimism shocks an important source of business cycle fluctuations? Are deficit-financed tax cuts better than deficit-financed spending to increase output? These questions have been previously studied using SVARs identified with sign and zero restrictions and the an... View more
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