Dear Leo,
this is a by now well-known property. The simulation you describe causes the system to transition to the stochastic steady state. See [Simult_ and nonzero IRFs in higher-order approximations)
Dear Leo,
this is a by now well-known property. The simulation you describe causes the system to transition to the stochastic steady state. See [Simult_ and nonzero IRFs in higher-order approximations)