Different stochastic shock value

[jpfeifer]

No, the interest rate has an exogenous component that you shock and an endogenous component that reacts differently to shocks depending on the parameter values. Please have a look at

Positive monetary policy shock with nominal interest rate falling?

Hey folks, i get very strange irf when i ran the following little monetary model. My problem is, when i look at the irf of U (the monetary shock) I would expect that when U rises R (the nominal interest rate) will also rise due to the standard taylor rule (R/Rss = (PI)^(jotaPI)*(Y/Yss)^(jotaY)*U;). But the opposite is the case. PLEASE WHERE IS THE MISTAKE?? Do I think wrong?? THE MODEL: close all var LAM R PI RK C W L Y A K MC B G U I RR TAX UTIL; varexo eps_A eps_U eps_G; parameters beta d…