Dear Dynare forum users,
I’m a phD student and (at the moment) a rookie using Dynare.
Currently I’m doing a research that seeks to assess the economic impact of a shock over the GDP.
I already achieved to build an IRF with a shock taking place at time t=1. What we want now is, instead of evaluate a single shock taking place at time t, see impact of an event that increases over time.
For example, climate change. The effect of climate change is not ocasional. It is permanent and cumulative. How can I try to simulate the effect of this kind of events?
Sorry because I know that the post is not as descriptive as the forum seeks but if someone could give me some guidelines I would appreciate it.
Thank you very much in advance.