# N equation and (n-1) endogenous variables with Monetary Policy

**URL:** <https://forum.dynare.org/t/n-equation-and-n-1-endogenous-variables-with-monetary-policy/15581>\
**Category:** General DSGE Modeling\
**Created:** [14 April 2020 21:38 UTC](https://forum.dynare.org/t/n-equation-and-n-1-endogenous-variables-with-monetary-policy/15581 "2020-04-14T21:38:53Z")\
**Posts on this page:** 1\
**Showing post:** 10

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**Author:** ![jpfeifer](https://forum.dynare.org/user_avatar/forum.dynare.org/jpfeifer/32/5044_2.png) [@jpfeifer](https://forum.dynare.org/u/jpfeifer)\
**Post date:** [22 April 2020 19:11 UTC](https://forum.dynare.org/t/n-equation-and-n-1-endogenous-variables-with-monetary-policy/15581/10 "2020-04-22T19:11:46Z")

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Maybe

> [@Monetary policy shock](https://forum.dynare.org/t/monetary-policy-shock/10663):
>
> Hi My IRFs show that a positive monetary policy shock lowers the interest rate, Is it normal ? If yes, what is the economic intuition behind ? Thnx

is helpful

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