What are the Effects of Monetary Policy on Output? : Results from an Agnostic Identification Procedure

By Harald Uhlig. 2005

2,279 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ece562da82c0b6403a9ca09df1b2ee88022a34b7

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Citations in the corpus

THE ROLE OF INVENTORIES AND SPECULATIVE TRADING IN THE GLOBAL MARKET FOR CRUDE OIL (2014, methodology): “In August of 1990, the global production of crude oil from all 13 For a similar point also see Canova and De Nicolo (2002), Uhlig (2005), and Canova and Paustian (2007).”
The Impact of Oil Price Shocks on the Economic Growth of Selected MENA1 Countries (2010, methodology): “In order to elaborate on the estimates of the latter countries, following Uhlig (2005) and Lippi and Nobili (2008), we identify the oil shocks as oil demand and oil supply shocks.”
What are the effects of fiscal policy shocks? A VAR-based comparative analysis (2008, positive): “…VAR approach proposed by Blanchard and Perotti (2002) and extended in Perotti (2005, 2007); third, the signrestrictions approach developed by Uhlig (2005) and applied to scal policy analysis by Mountford and Uhlig (2005); and, fourth, the event-study approach introduced by Ramey and…”
From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons (2010, neutral): “Up to and including September 1932, they are from Rolf Wagenführ’s study of world industrial output from 1860 to 1932 undertaken in the Institut für Konjunkturforschung, Berlin. In addition to compiling numerous national indices, Wagenführ (1933) also provides world industrial output indices (Table ”
Do Euro Area Countries Respond Asymmetrically to the Common Monetary Policy (2014, positive): “We identify the monetary policy shock by means of sign restrictions (Faust, 1998; Canova and de Nicolò, 2002; Uhlig, 2005), an identification strategy also used in the context of factor models by Eickmeier (2009) and Forni and Gambetti (2010b,c).”
REAL EFFECTS OF MONETARY POLICY IN LARGE EMERGING ECONOMIES (2011, methodology): “To further validate our BVAR results, we carry out the “pure sign restriction” identification strategy of Uhlig (2005) using the sign restrictions, not only upon MONETARY POLICY IN LARGE EMERGING ECONOMIES 203 impact, but for a few periods after the shock’s impact, that are shown in the impulse…”
U.S. Evolving Macroeconomic Dynamics: A Structural Investigation (2007, background): “5.1 Identification Following Canova and de Nicolo (2002), Faust (1998), Peersman (2005), and Uhlig (2005), our identification strategy relies on imposing the following sign restrictions on the contemporaneous impacts of the structural shocks on the endogenous variable.”
Optimal Sticky Prices Under Rational Inattention (2009, neutral): “Therefore, in the special case analyzed in this section, restricting the firms’ choice to signals of the form (28)− (29) does not change the equilibrium of the model.”
Theory and Practice of GVAR Modeling (2016, positive): “…who consider restrictions on the long-run impact of shocks to identify the impulse responses; and the sign-restriction approach considered, among others, in Faust (1998), Canova and Pina (1999), Canova and de Nicoló (2002), Uhlig (2005), Mountford and Uhlig (2009) and Inoue and Kilian (2013).”
Some Issues in Using Sign Restrictions for Identifying Structural VARs (2007, methodology): “An alternative, used for example by Faust (1998) and Uhlig(2005), is to supplement the analysis above by choosing θ such that it minimizes a function of C (k) j .”
Inflation and exchange rate pass-through (2019, positive): “5 Global shocks are derived from a separate tri-dimensional vector autoregression model that incorporates global output growth, global inflation, and oil price changes, following the approach of Charnavoki and Dolado (2014) and Uhlig (2005).”