Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/17887
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dc.contributor.authorGottschalk, Janen_US
dc.date.accessioned2009-01-28T15:00:09Z-
dc.date.available2009-01-28T15:00:09Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/17887-
dc.description.abstractThis paper aims to provide a non-technical introduction into the SVAR methodology. Particular emphasize is put on the approach to identification in SVAR models, which is compared to identification in simultaneous equation models. It is shown that SVAR models are useful tools to analyze the dynamics of a model by subjecting it to an unexpected shock, whereas simultaneous equation models are better suited for policy simulations. A draw back of the SVAR methodology is that due to the low dimension of typical SVAR models the assumption that the underlying shocks are orthogonal is likely to be fairly restrictive.en_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.relation.ispartofseries|aKieler Arbeitspapiere |x1072en_US
dc.subject.jelC51en_US
dc.subject.jelC32en_US
dc.subject.ddc330en_US
dc.subject.keywordStructural Vector Autoregressionsen_US
dc.subject.keywordIdentificationen_US
dc.subject.keywordImpulse Response Analysisen_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwZeitreihenanalyseen_US
dc.subject.stwTheorieen_US
dc.titleAn Introduction into the SVAR Methodology: Identification, Interpretation and Limitations of SVAR modelsen_US
dc.typeWorking Paperen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ifwkwp:1072-
dc.identifier.printppn333933729en_US

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