Extended_path to generate IRFs in stochastic context?


#1

Hello,

My model uses operators like max, min, abs, sign, <, >, <=, >=, ==, != which is discouraged in stoch_simul. I want to generate the IRFs of the model. In the manual, it is said that extended_path is not affected by this problem. But I could not find an example to see how IRF is generated using extended_path.

Is there a sample code to replace IRF generation via stoch_simul with IRF generation via extended_path? Note that I find the steady state of my model using a matlab file.

Thanks


#2

@stepan-a Is there a working example somewhere?