I am interested in getting simulated dynamics of variables (like GDP) to shocks (like TFP), instead of plotting IRFs. In fact I would like to plot the responses of variables (GDP) to the sequence of shocks (TFP), instead of Impulse responses to a one-time shock. Any suggestion would be greatly appreciated.
When specifying the periods option, Dynare will simulate stochastic series. They can be plotted e.g. using
If you want to specify your own shocks, you need to use the simult_ function. See e.g. github.com/JohannesPfeifer/DSGE_mod/tree/master/RBC_news_shock_model
Thank you very much Johannes.
I am replicating Jermann & Quadrini (AER-2012).