Monetary Policy Transmission in Italy: A BVAR Analysis with Sign Restriction     Bayesian VAR methods  conjugate prior  Litterman prior       font style='font-size:12px;'> 2010/12/6

In this paper, we propose a Bayesian VAR model to examine the short term effects of monetary policy shocks on the Italian economy. Firstly, our BVAR model uses the Cholesky decomposition to identify ...

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