A problem in impulse response function

[zeynooo]

Dear Dr. Dear friends and Dear friends I have a problem when I implementation of expansionary monetary policy, the production (y) increased but inflation (pi) decreased, how can I should know what is the problem.
ex1.mod (6.6 KB)

[jpfeifer]

Please do not cross-post. See

A problem in a simple model

I am not familiar with your model, so I can only give you the standard advice. Try shutting off features/changing parameters to see whether that changes the result. You seem to have a more complicated financial sector that may change the transmission.