Occbin - IRF Graph Problem

[jpfeifer]

I think you have the same problem as

IRFs issues in SW07 with ZLB

My mistake. Your implementation is wrong. You define r = crpi*(1-crr)*pinf+cry*(1-crr)*(y-yf)+crdy*(y-yf-y(-1)+yf(-1))+crr*r(-1) +interest_ ; [name='Deposite rate',relax = 'ZLB'] rnop=r; [name='Deposite rate',bind = 'ZLB'] rnop=1-1/0.99; So r should be the notional interest rate in the absence of the ZLB, while rnop is the actual interest rate. But it’s r that shows up in all other equations.