Title: The structure condition in SVAR identification
Authors: Riccardo Lucchetti - Università Politecnica delle Marche (Italy) [presenting]
Emanuele Bacchiocchi - University of Milan (Italy)
Abstract: A criterion for checking local identification in Structural VAR based on the structure of the constraints has been previously proposed. While the structure condition is in fact necessary and sufficient, we prove that the checking procedure originally proposed contained a flaw and put forward an amendment.