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Structural Vector Autoregressions

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(VAR) generated by an economic model (a “structure”). 2. 2. Reduced—form representation, normalization, and identi fication ... long-run impacts allow Blanchard and Quah to identify the shocks and trace their impulse response function. ... Why is the previous discussion of the relation between the reduced and structural form of a VAR ...

  Response, Structural, Functions, Impulse, Structural and, Impulse response function

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