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impulse-response analysis

economics

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work of Sims

  • Christopher A. Sims
    In Christopher A. Sims

    …interpreted using a technique called impulse-response analysis to identify their effects over time on various macroeconomic indicators. Part of the significance of Sims’s approach was that it provided a means of identifying rationally expected and rationally unexpected changes in economic policy. The two kinds of changes had previously been difficult…

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