An Alternative Identification of the Economic Shocks in SVAR Models

Hassan Ghassan (), Mohammed Souissi () and Mohammed Kbiri Alaoui ()
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Mohammed Souissi: UM5, EMI, Rabat Agdal, Morocco
Mohammed Kbiri Alaoui: Ministry of employment and UM5, EMI, Rabat, Morocco

Economics Bulletin, 2009, vol. 29, issue 2, 1019-1026

Abstract: The purpose of this paper is to develop a new approach allowing us to identify the structural shocks in the SVAR model. This approach ameliorates substantially the decomposition methods of Bernanke (1986) and Bernanke & Mihov (1998) and improves in the same way the identification procedures pioneered by Blanchard & Quah (1989) and Blanchard & Perotti (2002).

Keywords: SVAR; Economic Shocks; Nonlinearity; Viability; Trajectories; Differential Inclusion. (search for similar items in EconPapers)
JEL-codes: C4 (search for similar items in EconPapers)
Date: 2009-05-16
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Citations: View citations in EconPapers (1)

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