New Evidence on the Puzzles. Results from Agnostic Identification on Monetary Policy and Exchange Rates.

Specification

EE         BIG

Variables

y^, y*^, p^, nbr^χ, y^, y*^, p^, p*^, m^, m*^,
i, i*, s                   i, i*, s, r, r*, nbrx

Restrictions:

p ≤ 0,          p ≤ 0, m ≤ 0,

nbrx ≤ 0, i ≥ 0 nbrx ≤ 0, i ≥ 0

Specification:

GR       BIG

Variables:

y, y^* , p, p^* ,        y, y^* , p, p^* , m, m^* ,

i, i^*, s                   i, i^*, s, r, r^*, nbrx

Restrictions:

p^* ≤ 0,          p^* ≤ 0, m^* ≤ 0

i^* - i ≥ 0        i^* - i ≥ 0