Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...
We document the transmission of monetary policy and risk-premium shocks in Hungary, by applying recent advances in the Bayesian estimation of large VAR models. The method allows extracting information ...
This is a preview. Log in through your library . Abstract In this paper, we derive restrictions for Granger noncausality in MS-VAR models and show under what conditions a variable does not affect the ...
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