Hi, I want to see Bayesian IRFs with 1% increase of shocks.
However, dynare only provides 1 std.dev shock.
There might be a trick as 1 p.c. Bayesian IRF Shocks.
I want to know if this works in dynare 4.5.0.
Hi, I want to see Bayesian IRFs with 1% increase of shocks.
However, dynare only provides 1 std.dev shock.
There might be a trick as 1 p.c. Bayesian IRF Shocks.
I want to know if this works in dynare 4.5.0.
Dynare 4.5 should support the relative_irf
-option directly