{"id":"https://openalex.org/W2766095771","doi":"https://doi.org/10.1017/9781108227223.004","title":"Shocks, Sign Restrictions, and Identification","display_name":"Shocks, Sign Restrictions, and Identification","publication_year":2017,"publication_date":"2017-10-18","ids":{"openalex":"https://openalex.org/W2766095771","doi":"https://doi.org/10.1017/9781108227223.004","mag":"2766095771"},"language":"en","primary_location":{"id":"doi:10.1017/9781108227223.004","doi":"https://doi.org/10.1017/9781108227223.004","is_oa":false,"landing_page_url":"https://doi.org/10.1017/9781108227223.004","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Advances in Economics and Econometrics","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W2207893187","display_name":"Advances in Economics and Econometrics"},"type":"book-chapter","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5089753355","display_name":"Harald Uhlig","orcid":"https://orcid.org/0000-0003-0918-032X","observed_orcids":["https://orcid.org/0000-0003-0918-032X"]},"institutions":[{"id":"https://openalex.org/I40347166","display_name":"University of Chicago","ror":"https://ror.org/024mw5h28","country_code":"US","type":"education","lineage":["https://openalex.org/I40347166"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Harald Uhlig","raw_affiliation_strings":["University of Chicago"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Chicago","institution_ids":["https://openalex.org/I40347166"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5089753355"],"corresponding_institution_ids":["https://openalex.org/I40347166"],"apc_list":null,"apc_paid":null,"fwci":29.1024,"has_fulltext":false,"cited_by_count":81,"citation_normalized_percentile":{"value":0.99517823,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":100},"biblio":{"volume":null,"issue":null,"first_page":"95","last_page":"127"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.002099999925121665,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.0007999999797903001,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/sign-restrictions","display_name":"sign restrictions","score":0.9959999918937683},{"id":"https://openalex.org/keywords/shock-identification","display_name":"shock identification","score":0.6549999713897705},{"id":"https://openalex.org/keywords/impulse-response","display_name":"impulse response","score":0.6240000128746033},{"id":"https://openalex.org/keywords/supply-shocks","display_name":"supply shocks","score":0.8199999928474426},{"id":"https://openalex.org/keywords/bayesian-vector-autoregression","display_name":"Bayesian vector autoregression","score":0.8550000190734863},{"id":"https://openalex.org/keywords/partial-identification","display_name":"partial identification","score":0.7139999866485596},{"id":"https://openalex.org/keywords/inequality-constraints","display_name":"inequality constraints","score":0.7630000114440918},{"id":"https://openalex.org/keywords/supply-and-demand","display_name":"supply and demand","score":0.5099999904632568}],"concepts":[{"id":"https://openalex.org/C139676723","wikidata":"https://www.wikidata.org/wiki/Q1193832","display_name":"Sign (mathematics)","level":2,"score":0.8200846314430237},{"id":"https://openalex.org/C116834253","wikidata":"https://www.wikidata.org/wiki/Q2039217","display_name":"Identification (biology)","level":2,"score":0.818548321723938},{"id":"https://openalex.org/C185798385","wikidata":"https://www.wikidata.org/wiki/Q1161707","display_name":"Benchmark (surveying)","level":2,"score":0.664206862449646},{"id":"https://openalex.org/C2781300812","wikidata":"https://www.wikidata.org/wiki/Q178061","display_name":"Shock (circulatory)","level":2,"score":0.6233388185501099},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.47728171944618225},{"id":"https://openalex.org/C3020254827","wikidata":"https://www.wikidata.org/wiki/Q5255016","display_name":"Demand side","level":2,"score":0.47118595242500305},{"id":"https://openalex.org/C107673813","wikidata":"https://www.wikidata.org/wiki/Q812534","display_name":"Bayesian probability","level":2,"score":0.4487282335758209},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4300968647003174},{"id":"https://openalex.org/C86337476","wikidata":"https://www.wikidata.org/wiki/Q651685","display_name":"Supply shock","level":3,"score":0.4194795787334442},{"id":"https://openalex.org/C120330832","wikidata":"https://www.wikidata.org/wiki/Q166656","display_name":"Supply and demand","level":2,"score":0.41401591897010803},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3337353765964508},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2268085777759552},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.21634232997894287},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.18315446376800537},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.14893794059753418},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.08702564239501953},{"id":"https://openalex.org/C59822182","wikidata":"https://www.wikidata.org/wiki/Q441","display_name":"Botany","level":1,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C13280743","wikidata":"https://www.wikidata.org/wiki/Q131089","display_name":"Geodesy","level":1,"score":0.0},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1017/9781108227223.004","doi":"https://doi.org/10.1017/9781108227223.004","is_oa":false,"landing_page_url":"https://doi.org/10.1017/9781108227223.004","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Advances in Economics and Econometrics","raw_type":"book-chapter"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W3121935769","https://openalex.org/W2052420809","https://openalex.org/W2273456646","https://openalex.org/W3159606683","https://openalex.org/W4293719532","https://openalex.org/W4281707723","https://openalex.org/W2267219962","https://openalex.org/W2972901851","https://openalex.org/W2022589678","https://openalex.org/W7160905168"],"abstract_inverted_index":{"This":[0,251],"chapter":[1,200],"highlights":[2],"some":[3,74,81],"key":[4],"issues":[5],"in":[6,97,122,133,347],"the":[7,13,27,49,62,70,83,150,218,264,301,323,326],"use":[8],"of":[9,15,35,57,64,82,94,136,192,258,263],"sign":[10,89,95,282],"restrictions":[11,96,283],"for":[12,175],"purpose":[14],"identifying":[16],"shocks.":[17],"It":[18],"does":[19],"so":[20,179],"by":[21,332,340],"examining":[22],"two":[23],"benchmark":[24],"examples.":[25],"In":[26,48],"first":[28],"part,":[29,51],"I":[30,52,72,153,215,272],"discuss":[31,53],"a":[32,42,54,65,110,134,256],"generic":[33,55],"example":[34,56],"demand":[36],"and":[37,61,76,86,109,171,194,228,234,238,279,287,308,334,342,353],"supply,":[38],"seeking":[39],"to":[40,118,177,182,300,311,325],"identify":[41],"supply":[43,67],"shock":[44],"from":[45,149,189],"price\u2013quantity":[46],"data.":[47],"second":[50],"Bayesian":[58],"vector":[59],"autoregressions":[60],"identification":[63,307],"monetary":[66],"shock.":[68],"Along":[69],"way,":[71],"formulate":[73],"principles":[75],"present":[77],"my":[78,165,245,261,276],"view":[79],"on":[80,284,290,305,329],"recent":[84],"discussion":[85,262,269],"literature":[87,219,304],"regarding":[88],"restrictions.":[90],"INTRODUCTION":[91],"The":[92,113],"approach":[93],"time":[98],"series":[99],"analysis":[100],"has":[101],"generated":[102],"an":[103],"active":[104],"literature,":[105,318],"many":[106],"successful":[107],"applications,":[108],"lively":[111],"debate.":[112],"procedures":[114],"are":[115,297],"increasingly":[116],"easy":[117],"use,":[119],"with":[120,130,223],"implementations":[121],"econometric":[123],"software":[124],"packages":[125],"such":[126],"as":[127,143,242,244,337,339],"RATS":[128],"or":[129],"ready-to-implement":[131],"code":[132],"variety":[135],"programming":[137],"languages;":[138],"see,":[139],"e.g.,":[140],"Danne":[141],"(2015)":[142],"one":[144,252],"example.":[145],"Let":[146],"me":[147,188,320],"say":[148],"outset":[151],"that":[152,162,195,217,268,271,280,317],"am":[154],"very":[155],"happy":[156],"about":[157],"that,":[158],"including":[159],"those":[160],"contributions":[161],"have":[163],"criticized":[164],"own":[166],"work,":[167],"sometimes":[168],"sharply.":[169],"Skepticism":[170],"critique":[172],"is":[173,196,205],"crucial":[174],"science":[176],"advance,":[178],"all":[180],"power":[181],"them!":[183],"That":[184],"should":[185],"not":[186,288],"prevent":[187],"critiquing":[190],"back,":[191],"course,":[193],"partly":[197],"what":[198],"this":[199,330,348],"will":[201],"be":[202],"about.":[203],"Debate":[204],"good.":[206],"While":[207],"Leamer":[208],"(1981)":[209],"surely":[210],"deserves":[211],"being":[212],"highlighted":[213],"here,":[214],"believe":[216],"pretty":[220],"much":[221],"started":[222],"Dwyer":[224],"(1998),":[225,232],"Faust":[226,265],"(1998)":[227],"its":[229],"discussion,":[230],"Uhlig":[231,249],"Canova":[233,237],"Pina":[235],"(1999),":[236],"de":[239],"Nicolo":[240],"(2002),":[241],"well":[243,338],"\u201cagnostic":[246],"identification\u201d":[247],"paper":[248],"(2005b).":[250],"was":[253],"published":[254],"quite":[255],"number":[257],"years":[259],"after":[260],"paper,":[266],"but":[267],"shows":[270],"had":[273],"already":[274],"developed":[275],"methodology":[277],"then,":[278],"imposing":[281],"impulse":[285],"responses":[286],"just":[289,321],"impact":[291],"can":[292],"add":[293],"considerable":[294],"bite.":[295],"There":[296],"deep":[298],"connections":[299],"seemingly":[302],"different":[303],"partial":[306],"estimation":[309],"subject":[310],"inequality":[312],"restrictions:":[313],"rather":[314],"than":[315],"review":[316],"let":[319],"point":[322],"reader":[324],"excellent":[327],"discussions":[328],"topic":[331],"Canay":[333],"Shaikh":[335],"(2017)":[336],"Ho":[341],"Rosen":[343],"(2017),":[344],"appearing":[345],"elsewhere":[346],"volume,":[349],"or,":[350],"say,":[351],"Kline":[352],"Tamer":[354],"(2016).":[355]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":12},{"year":2023,"cited_by_count":17},{"year":2022,"cited_by_count":14},{"year":2021,"cited_by_count":12},{"year":2020,"cited_by_count":13},{"year":2019,"cited_by_count":1}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2017-11-10T00:00:00"}
