Orthogonal IRF

Dynare contributions and examples
1

Hi there,

I am quite new to Dynare and right now I’am solving a very simple DSGE model in different ways. To compare my solution I wanted to just take a quick look at the IRF of my different codes. Now, Dynare computes the orthogonalized IRF’s. Is there a way to suppress this setting?

Thanks for the answer

2

If you have correlated errors, what would be the alternative you are thinking of? There are infinitely many possible rotations of the covariance matrix.

3

Thanks to your answer. Of course you’re abolutely right. My problem was that I just did get different IRFs after solving the model with Blanchard-Kahn, QZ-Method and with Dynare. However, rescaling worked out.