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Because of statistical identification due to non\u2010Gaussianity, the plausibility of economic identifying restrictions can be formally assessed. In an empirical application, the data support narrative sign restrictions in identifying the US monetary policy shock. In contrast to some of the previous literature, we find a strong negative response of real activity to contractionary monetary policy after a few months' delay.\n                  <\/jats:p>","DOI":"10.1002\/jae.3019","type":"journal-article","created":{"date-parts":[[2024,2,14]],"date-time":"2024-02-14T02:25:07Z","timestamp":1707877507000},"page":"422-437","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":11,"title":["Statistically identified structural VAR model with potentially skewed and fat\u2010tailed errors"],"prefix":"10.1002","volume":"39","author":[{"given":"Jetro","family":"Anttonen","sequence":"first","affiliation":[{"name":"Faculty of Social Sciences University of Helsinki  Helsinki Finland"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Markku","family":"Lanne","sequence":"additional","affiliation":[{"name":"Faculty of Social Sciences University of Helsinki  Helsinki Finland"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jani","family":"Luoto","sequence":"additional","affiliation":[{"name":"Faculty of Social Sciences University of Helsinki  Helsinki Finland"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2024,2,13]]},"reference":[{"key":"e_1_2_8_2_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.csda.2011.11.015"},{"key":"e_1_2_8_3_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.20161852"},{"key":"e_1_2_8_4_1","doi-asserted-by":"crossref","unstructured":"Braun R.(2021).The importance of supply and demand for oil prices: Evidence from non\u2010Gaussianity. 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