Significant Difference

Dynare help (legacy posts)
1

Hi:

Suppose I adjust a model (maybe change a parameter value) and my output changes(e.g. IRFs indicate a bigger or smaller response), is there a way to calculate if said changes are statistically different from the “benchmark” situation?

Thanks.

2

You may want to have a look at the sensitivity analysis embedded in Dynare, thanks to Marco Ratto:

dynare.org/manual/index_27.h … n-analysis
Ratto, Marco (2008): “Analysing DSGE models with global sensitivity analysis”, Computational Economics, 31, 115–139

3

Thanks.