Browsing Arbeidsnotater / Working Papers by Author "Sarferaz, Samad"
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Identification of Financial Factors in Economic Fluctuations
Furlanetto, Francesco; Ravazzolo, Francesco; Sarferaz, Samad (Working Papers;9/2014, Working paper, 2014)We estimate demand, supply, monetary, investment and financial shocks in a VAR identified with a minimum set of sign restrictions on US data. We find that financial shocks are major drivers of fluctuations in output, stock ...