I’d like dynare to compute and show impulse response functions for given variables and shocks, when one of the structural parameters assumes different possible values. E.g.: the response of output to a tech shock when the depreciation rate is equal to 0.2, 0.25, 0.3, 0.35. Is it possible to plot the 4 IRFs in a single graph?
you need to mix Matlab commands and Dynare commands in the *.mod file
I will post an example in about 10 days. (I’m on the road right now)
Attached is finally an example for doing IRF in a loop with different parameter values.
Sorry for the delay
irf_loop.mod (1.67 KB)
thank you for the reply. I tried to run the example file, but it looks like the command ‘graph’ cannot be used in the 3.064 version. Everything else works perfectly.
I tested it with the snapshot for version 3.
I was trying to use the loop-section of the example file you provided for plotting IRFs of different parameter values into one graph.
In my example I just replaced the parameter psi from your example and left everything else as it was.
Which parts do I have to alter if I have more endogenous variables than your example and want to have some of them plotted in 3by3 subplot graphs? Or would it be easier to construct the graphs by myself?