The Bayesian IRF

#1

After estimating DSGE with Bayesian techniques, I conduct the Impulse Response Function with Bayesian estimation. The code is specified inside the block of estimation as following

Blockquote estimation(…, irf =20,
bayesian_irf)data_pid data_wp data_c data_i x_hat
data_R E_t data_y data_x data_m data_pic
data_ystar data_pistar data_Rstar;

The result displays as the attached file below

My question is that

Why the Bayesian probability interval in the pannel such as data_pid, dat_wp, or dat_R
is very strang, why the mean value does not locate between upper and lower Bayesian probability interval? What happens to that

Thank you so much indeed

BayIRFs.pdf (10.8 KB)

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#2

Please use the most recent version of Dynare. It will be compatible with your Matlab graphics engine so that the problem will vanish.

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#3

I got it
Thank you a lot prof. Pfeifer

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