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An Alternative Identification of the Economic Shocks in SVAR Models

Author

Listed:
  • Hassan Belkacem Ghassan

    (USMBA, Morocco and KFU, Saudi Arabia)

  • Mohammed Souissi

    (UM5, EMI, Rabat Agdal, Morocco)

  • Mohammed Kbiri Alaoui

    (Ministry of employment and UM5, EMI, Rabat, Morocco)

Abstract

The purpose of this paper is to develop a new approach allowing us to identify the structural shocks in the SVAR model. This approach ameliorates substantially the decomposition methods of Bernanke (1986) and Bernanke & Mihov (1998) and improves in the same way the identification procedures pioneered by Blanchard & Quah (1989) and Blanchard & Perotti (2002).

Suggested Citation

  • Hassan Belkacem Ghassan & Mohammed Souissi & Mohammed Kbiri Alaoui, 2009. "An Alternative Identification of the Economic Shocks in SVAR Models," Economics Bulletin, AccessEcon, vol. 29(2), pages 1019-1026.
    • Handle: RePEc:ebl:ecbull:eb-09-00264
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    SVAR; Economic Shocks; Nonlinearity; Viability; Trajectories; Differential Inclusion.;
    All these keywords.

    JEL classification:

    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics

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