Hello All
My professor has asked me to reproduce the results from a particular paper before attempting to run my own model. I have attached a PDF displaying the system along with the .mod file I wrote to run it. Unfortunately, the IRFs that result from my .mod file do not match those given in the paper
The paper can be viewed at ecb.int/pub/pdf/scpwps/ecbwp339.pdf
and the IRFs can be viewed at mitpressjournals.org/action/ … ype=master (my results should match the noncompetitive case)
Can someone help me understand why my results might be different?!?
Thanks!
Tom
OriginalSystem.pdf (40.3 KB)
OriginalModel.mod (1.54 KB)