Sensitivity plots (Interpretation)

Identification/Sensitivity
1

I everyone

I was using a command to measure the sensitivity of the parameters to the model that I saw in this forum. Unfortunately, the command throws figures that I do not know their interpretation. I have looked at the file An Introduction to Graphs in Dynare (Pfeifer, 2014), but I did not find something similar.

What do the red dots, the blue dotted lines, and the blue rectangles mean?

The command is the following, and I attach the graph.

dynare_sensitivity(prior_range=1,stab=1,identification=1,morris=1,graph_format=fig);

G2.pdf (155.7 KB)

I really appreciate any help you can provide.

2

Could you provide me with the files to generate the picture?

3

Sure,
Data.mat (8.4 KB)
E8_mh_mode.mat (41.8 KB)
E9.mod (32.3 KB)

4

The plots are box-whisker plots. The blue box gives the 25 and 75 percentiles. The red line in the box is the median. The whiskers (blue dashed vertical lines ending with a horizontal black line) indicate 10 times the interquartile range. The red dots indicate the “outliers”, i.e. everything beyond 10 times the interquartile range.

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