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Macroeconomic responses to uncertainty shocks: the perils of recursive orderings (Working Paper)

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  _____    _    _      _____     ___     _    _      ___    
 |__  //  | || | ||   / ___//   / _ \\  | || | ||   / _ \\  
   / //   | || | ||   \___ \\  / //\ \\ | || | ||  / //\ \\ 
  / //__  | \\_/ ||   /    // |  ___  ||| \\_/ || |  ___  ||
 /_____||  \____//   /____//  |_||  |_|| \____//  |_||  |_||
 `-----`    `---`   `-----`   `-`   `-`   `---`   `-`   `-`
 


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