Dear all,
I would like to ask for a clarification, please: when I run the command osr, it automatically generated a) graphs with IRFs (with respect to all the shocks I have activated) for the endogeneous variable I mention after osr (i.e. the variable whose variance enters the loss function). However, b) the IRFs that I extract from oo_.irfs look a bit different. Can it be that the IRFs at aforementioned point a) are with respect to unitary shocks, while the ones I get at b) are with respect to standard deviation shock (as I have specified in the “shocks” block in the mod file)? Otherwise, what are the graphs I mentioned at point a) above?
Moreover, I noticed that, for the endogeneous variable (slet’s call it “b”) whose variance enters the loss function, for each active shock, say epsiX, two new variables are generated: 1) b_epsiX and 2) b_obs_epsiX. Further, I noticed that the variable plotted in the automatic graph generated by osr is the same as b_epsiX.
In other words, summing up, what do they represent the graphs automatically generated by running osr?
Thank you very much and best regards,
Domenica