; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Comparisons of Alternative Identification Schemes for the U.S. Real GNP-Unemployment Level Correlation: Sensitivity Analysis"; ; "batchuser@example.com"; "Aoki, Masanao"; "Federal Reserve Bank of Minneapolis"; "E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity", "E51 - Money Supply; Credit; Money Multipliers", "E01 - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts"; "The paper employs three different types of identifying restrictions to calculate the impulse responses for the trivariate series composed of the U.S. unemployment level, real GNP and the money stock. The first two are the zero restrictions, arising from the assumption of the delayed information pattern available in forming a money reaction function. The third assumes a particular simplified structural model. The paper shows that the impulse response patterns are generally insensitive to these alternative specifications. Similar exercises are carried out for the bivariate series composed of the U.S. and the unemployment level."^^; "1989-12-01"; "2019-05-21T19:29:56.452297143+00:00"^^; "https://doi.org/10.21034/dp.21"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Apr 22 16:47:35 2020"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "31"; "Discussion paper (Federal Reserve Bank of Minneapolis. Institute for Empirical Macroeconomics)"; "021"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Institute for Empirical Macroeconomics"; ; "Publication" . ; .