Interpretation of irf with respect to shock

[bdombeck]

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A question about the IRF

Hello, everybody, I am a beginer of dynare and I have a question about the interpretation of the IRF ( Impulse Response Function ). All your help is appreciated. I first took an estimation about my model and got the standard deviation of all shocks. For example, the standard deviation of shock x is 0.18. In the next step, I run a stoch_simul() command to get the IRF graphs. Of course I input codes in the shock block like: shocks; var x; stderr 0.18; end; then I can get a series of IRF gr…