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- W1969997332 abstract "This paper shows that under the King et al. (1991) approach [KPSW, 1991. Stochastic trends and economic fluctuations. American Economic Review 81, 819–840] to structural identification in VEC models, the structural shocks with transitory effects do not have a contemporaneous impact on the weakly exogenous variables. This result is used to establish the conditions under which the KPSW and Sims (1980) identification schemes [Macroeconomics and Reality. Econometrica 48, 1–48] are equivalent in a model of US consumption, investment and private output." @default.
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- W1969997332 title "Weak exogeneity and long-run and contemporaneous identifying restrictions in VEC models" @default.
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- W1969997332 doi "https://doi.org/10.1016/s0165-1765(99)00051-8" @default.
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