TY  - BOOK
AU  - Huh,Hyeon - Seung
TI  - A Monte Carlo test for the identifying assumptions of the Blanchard and Quah (1989) model
SN  - 13504851
AV  - HB1.A666 APP 
PY  - 2013///
CY  - New York
PB  - Taylor and Francis
KW  - Blanchard and Quah
KW  - Identifying assumptions
KW  - Monte Carlo
N2  - In their VAR model, Blanchard and Quah (BQ, 1989) employed uncorrelatedness between Aggregate Supply (AS) and Aggregate Demand (AD) shocks and the long-run output neutrality condition as identifying assumptions. This article conducts a simple Monte Carlo experiment to gauge how well the BQ procedure can approximate the true structure if the underlying assumptions of uncorrelatedness and long-run output neutrality are not supported by data
UR  - https://doi.org/10.1080/13504851.2012.725923
ER  -