We show that, in a general family of linearized structural macroeconomic models, knowledge of the empirically estimable causal effects of contemporaneous and news shocks to the prevailing policy rule
The detection of causal effects among simultaneous observations provides knowledge about the underlying network, and is a topic of interests in many scientific areas. Over the years different causalit
Differences with a -value smaller than 0.01 (a difference measure greater than 4.61) are indicated in bold. (*: We used the active-set algorithm for this particular link.)