How to plot impulse response with given confidence?

Dynare help (legacy posts)
1

dear everyone,

I have a problem when using dynare.
I see that many papers illustrates the results of impulse response analysis together with 90% confidence interval (just like fig 2 in my attachment), but the dynare typically only gives out a single line (see attachment fig 1).
my question is: how to obtain impulse response figures with 90% confidence interval (just like the way of fig 2 did)? I guess there must be some command to realise this, but I have not found it when consulting “dynare user guide”.
I have posted my dynare code and two figures in the attachment. my dyanre code can only give out the result like fig 1, while fig 2 is the type of impulse responses I want to have.
can someone help me solve this problem? many thanks.
fig 2.doc (130 KB)
fig 1.doc (88.5 KB)
aa.mod (1.96 KB)

2

Confidence intervals are only possible if there is parameter uncertainty. This is not the case for calibrated models (using stoch_simul). In case you are estimating your model, Dynare will provide confidence bands (or HPDIs)

3

Hi, jpfeifer.
thank you very much for helping me solve this problem.
I have changed my dynare code into the estimating mode, but it gives out no impulse figures at all.
will you please help me and have a look at the dyanre code to see if there are any ommissions or errors in the code?
I have posted the dynare code and data in the attachment.
Thanks agian.
data2013.xls (22 KB)
aa.mod (2.97 KB)

4

Just read the manual. You need the bayesian_irf option.

5

thank you for ur guidance. I’ll check it.