The Structural Dynamics of U.S. Output and Inflation: What Explains the Changes?

163 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

U.S. Evolving Macroeconomic Dynamics: A Structural Investigation (2007, background): “Overall, however–in line with the previous contributions of (e.g.) Primiceri (2005), Sims and Zha (2006), and Gambetti, Pappa, and Canova (2006)–our evidence points towards a dominant role played by good luck in fostering the more stable macroeconomic environment of the last two decades.”
Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference (2010, background): “Such computation is quite expensive, especially when time-varying SVARs are estimated (Uhlig, 1997; Canova and Gambetti, 2004; Cogley and Sargent, 2005; Primiceri, 2005; Sims and Zha, 2006 b ; Gambetti and Canova, 2008).”
Structural changes in the US economy: Is there a role for monetary policy? (2009, methodology): “As shown by Lubik and Schorfheide (2004), a small scale version of the model used in Gambetti et al. (2005), delivers the same qualitative implications we use as identifying, both in determinate and in indeterminate scenarios.”
Why Agnostic Sign Restrictions are not Enough: Understanding the Dynamics of Oil Market VAR Models (2009, methodology): “(2007) and Lippi and Nobili (2009) demonstrate, the implications of DSGE models will be sensitive to the assumed elasticities of substitution. Since we have little knowledge of the magnitude of these elasticities, it seems prudent not to impose such sign restrictions. Likewise, the minimum forecast ”