Dear all，

I build a DSGE model. When output data are used, the response coefficient of output in Taylor’s Rules is very large， greater than 1. When inflation data are used, the response coefficient of output in Taylor’s Rules is normal. I want to ask why it happens？Is it possible that there is a problem with data processing?

When some data are used, the response coefficient of the output gap is even greater than 2.When some data combinations are used, the response coefficient of output gap is about 0.5.It’s normal.I really don’t know why it happened. Is there something wrong with my data processing?But some data combinations can produce more positive results. I’m really confused. Hope to get an answer.

Thank you in advance.

data.xls (33 KB)

house1224.mod (9.7 KB)