Hi everyone,
I have two questions:

I am working with an estimated DSGE model where I want to perform some counterfactual analysis. I have read the manual several times trying to understand how I should interpret the shocks in oo_.SmoothedShocks, but it is not clear to me. Since (if I set the state at the first observation in oo_.SmoothedVariables) and simulate the model with the smoothed shocks I get back my observable series, can I interpret these shocks as the shocks necessary (based on my model) to generate the observed series which I use in the estimation?

After estimating my model, are the matrices for transitions in oo_.dr based on the posterior means or modes (I am using mh_replic>0)?
Thanks,
J.