This 2020 American Economic Journal: Macroeconomics paper by Marek Jarociński and Peter Karadi argues that conventional high-frequency-identified monetary policy surprises conflate two economically …
PublishedClassicAmerican Economic Journal: MacroeconomicsPublished Jan 2015
This 2015 American Economic Journal: Macroeconomics paper by Mark Gertler and Peter Karadi uses a "proxy SVAR" — a structural VAR identified with external instruments rather than timing restrictions — …