I’m sorry about the easy question in advance.
I set my Non-linear DSGE model and want to get impulse-response results, but I’m not sure how I can explain my results.
I would like to get the results as follows ( 1), 2) )
- “when eps_R shock is 1%P, “variable q” increases/decreases by xxx% in the m period.”
- “when eps_R shock is 1%P, “variable q” deviated from the steady state by 2% in the m period”
so I made new variable “log_q” ,
but when I see the plot, I’m not sure I can interpret the result as (1) or (2), and the value didn’t revert to 0.
mycode_7ln.mod (4.6 KB)
thank you for your help in advance.