Hi, I have a basic question. When the model is expressed in levels, how do we interpret the IRFs. I am attaching some IRFs. Would appreciate if somebody could help interpret the IRFs.[EPSM_3]

Interpretation of IRFs

jpfeifer 29 January 2020 14:38 2

See

Interpretation of IRF Stochastic simulations

IRFs are in absolute deviations from steady state. See also [Dynare relative irf) and [Shock equations for model written in their non-linear form) and [A question about the IRF)

show post in topic

Home
Categories
Guidelines
Terms of Service
Privacy Policy

Powered by Discourse, best viewed with JavaScript enabled