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| Hassan Belkacem Ghassan, Mohammed Souissi and Mohammed Kbiri Alaoui |
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| ''An Alternative Identification of the
Economic Shocks in SVAR Models
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| ( 2009, Vol. 29 No.2 ) |
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| 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). |
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| Keywords: SVAR, Economic Shocks, Nonlinearity, Viability, Trajectories, Differential Inclusion. |
JEL: C4 - Econometric and Statistical Methods: Special Topics
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| Manuscript Received : May 05 2009 | | Manuscript Accepted : May 16 2009 |
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