Large Bayesian VARs

Research Blog

The Global Transmission of U.S. Monetary Policy

Working Paper [PDF] Online Appendix [PDF] This paper studies the transmission of US monetary shocks across the globe by employing a high-...

A. Ellahie, G. Ricco - Government Purchases Reloaded: Informational Insufficiency and Heterogeneity

Download [PDF] [Online Appendix] Journal of Monetary Economics Volume 90, October 2017, Pages 13-27 [Link] Abstract: Using a large Bayesi...

G. Ricco - A New Identification of Fiscal Shocks Based on the Information Flow

Download [PDF] [ECB wp Series] Abstract: Can discretionary increases in government spending stimulate the economy? We answer this questio...

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