Larry's shock decomposition

[bigbigben]

[quote=“almira”]Hello everyone!
I have a question to the Christiano’s code for a finite-horizon variance decomposition.
One of you said that this code is available under:
cepremap.cnrs.fr/juillard/ma … highlight=
But this link does not work, unfortunately.
Does anybody know where I can get this code? Or does Dynare provide finite-horizon variance decomposition in the meantime?
Thank you very much in advance!
Best,[/quote]

Hey, here is the link to Larry’s post.

Shock decomposition

We guessed that unloading the shocks from oo_.SmoothedShocks and simulating the response of the system using Dynare’s simult_.m would reproduce the time series observations used in the estimation (there are no measurement errors). Should it? This is the first step in a particular shock-decomposition exercise. We want to simulate the response of the system to one estimated shock at a time, to see how history would have evolved with only that shock. Is there an easy way to get Dynare to do this e…