Dear all,

My question is

- after bayesian estimation,Is the steady state value of the variable related to the observed variable?
- If I specify the initial value, then the steady state value changes when the initial value changes?
- After the estimated results are obtained,Is IRF calculated based on the steady-state value obtained after the estimate?
- I know that only one shock can be analyzed at a time,How did VARIANCE DECOMPOSITION (in percent) work out?

Looking forward to your reply