WORKING PAPER SERIES NO 1492 / NOvEmbER 2012 bAyESIAN ANAlySIS Of REcuRSIvE SvAR mOdElS WIth OvERIdENtIfyING REStRIctIONS Andrzej Kociecki, Michal Rubaszek and Michele Ca’ Zorzi NOtE: This Working Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily refect those of the ECB. ,Q DOO (&% SXEOLFDWLRQV IHDWXUH D PRWLI WDNHQ IURP WKH ｻ EDQNQRWH