Model failed to solve for perfect foresight

[jpfeifer]

1. For simultaneous shocks, see

How to apply both shocks to the model

You can do this using the simult_-function. See https://github.com/JohannesPfeifer/DSGE_mod/blob/master/RBC_news_shock_model/RBC_news_shock_model.mod for an example. But note that at first order, the IRF to a joint shock is simply the sum of the IRFs to the individual shocks due to linearity.

2. Regarding the interpretation: that depends on how you measure output (percent/logs or levels) and whether you have scaled the shocks with 100, i.e. whether a 1 percent shock is coded with 0.01 or 1.