I am working with Occbin constraints and I am applying three shocks. I do not want these three shocks to hit simultaneously. I am using the
Shocks(surprise) block
Is there another way of writing it? I used the Dynare manual and I saw the overwrite option but I am not sure if this is the answer to my problem.
Yes. I would like to shock the model first for, for instance, a technology shock, then monetary policy shock and then preference shock. If I run all three shocks at the same time I believe the economy will be hit simultaneously by all three shocks?