... methodology used in the VAR models. Table 1 Bibliographic summary of the heterogeneous impact of macroeconomic shocks on the labor market Article and period analyzed Model/shocks Variables VAR Main results Carpenter and Rodgers (2004) 1973m9 to 2002m9 (U.S.) SVAR Zero restriction...

... by Baker et al. (2016), the interaction between variables was analyzed with structural VAR (SVAR) models. Findings According to the results obtained from the analysis, economic policy uncertainties in the USA had significant effects on the economies of its high-volume trading partners. The internal...