At first order, everything is linear and you can scale by 100. At higher order that is not allowed. 0.01 is 1 percent, 1 is 100 percent. See e.g. Shocks for IRFs in a third order approximation - #5 by jpfeifer
At first order, everything is linear and you can scale by 100. At higher order that is not allowed. 0.01 is 1 percent, 1 is 100 percent. See e.g. Shocks for IRFs in a third order approximation - #5 by jpfeifer