2 papers
econ.EM2026
Sharpening Identification in Large Structural VARs Using Narrative Restrictions
Lukas Berend, Jan Prüser
We propose a high-dimensional structural vector autoregression framework with a factor structure in the error terms that accommodates a large number of linear inequality restrictio…
econ.EM2024
The Transmission of Monetary Policy via Common Cycles in the Euro Area
Lukas Berend, Jan Prüser
We use a FAVAR model with proxy variables and sign restrictions to investigate the role of the euro area's common output and inflation cycles in the transmission of monetary policy…