This vignette intends to go through the application of traditional sign restrictions methodology to the labour market data. This data set was used to illustrate the shortcomings of this approach to shock identification in the Structural Vector AutoRegressions (SVAR) in Baumeister and Hamilton (2015). The data comprises wage and employment growth in the US for the period from 1970Q1 until 2014Q2.

sboriss/trySignRestrictions documentation built on May 14, 2019, 1:57 a.m.