I’m confused with how to draw usual impulse response in case of
occasionally binding constraints ( as dynare routinely does without such constraint )
in dynare version 5.
My purpose is to draw impulse response in case of Gali and Monacelli(2005)
with downward nominal wage rigidity and fixed exchange rate ( e = 0 ).
DNWRPEG.mod (6.0 KB)
Attached file is .mod file I’m working on.
Thanks a lot for your help!
params_peg is missing.
What exactly is your question?
Drawing the IRFs could be done by Dynare with
occbin_graph(noconstant) or manually
by using the IRFs stored in
Thanks for your fast reply
Sorry for missed file, and I attached both files
DNWRPEG.mod (5.9 KB)
params_peg.mat (988 Bytes)
My question is about drawing impulse response for one-time one unit shock in OccBin,
, however the following block
seems not proper way to draw usual impulse response graph.
, and one more question
Is there any way to recover theoretical moments of variables, for example ;
pi_pos = strmatch(‘pi’, M_.endo_names, ‘exact’);
It cannot find oo_.var T T
Yes, there is a bug, see here occbin: fix bug if there is only a surprise shock in the first period (3b592534) · Commits · Dynare / dynare · GitLab
Theoretical moments are not computed with OccBin.
You need to compute the empirical moments.
Thanks for your great help!
Your prompt reply saved me.
Have a nice day!