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When sufficiently diffuse priors are used, the posterior piles up in such non\u2010identification regions. Use of informative priors can lead to the opposite, so both can generate spurious inference. We propose priors\/posteriors on the structural parameters that are implied by priors\/posteriors on the parameters of an embedding reduced\u2010form model. An example of such a prior is the Jeffreys prior. We use it to conduct Bayesian limited\u2010information inference on the new Keynesian Phillips curve with a VAR reduced form for US data. Copyright \u00a9 2014 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.2398","type":"journal-article","created":{"date-parts":[[2014,8,1]],"date-time":"2014-08-01T07:43:11Z","timestamp":1406878991000},"page":"1183-1209","source":"Crossref","is-referenced-by-count":10,"title":["IDENTIFICATION ISSUES IN LIMITED\u2010INFORMATION BAYESIAN ANALYSIS OF STRUCTURAL MACROECONOMIC MODELS"],"prefix":"10.1002","volume":"29","author":[{"given":"Frank","family":"Kleibergen","sequence":"first","affiliation":[{"name":"Department of Economics Brown University  Providence, RI USA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Sophocles","family":"Mavroeidis","sequence":"additional","affiliation":[{"name":"Department of Economics and INET at Oxford University of Oxford  UK"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2014,8]]},"reference":[{"key":"e_1_2_10_2_1","unstructured":"AndrewsI MikushevaA.2014.Maximum likelihood inference in weakly identified DSGE models. 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