reading IRF
Posted: Mon Aug 06, 2007 7:51 am
hi Group,
in the dynare output for impulse responses, if the variable X jumps to 0.02 after a shock, how does one interpret the result...
a. X responds with a 2 per cent deviation from steady state
b. X responds with a 0.02 per cent deviation from steady state.
cheers
reuben
in the dynare output for impulse responses, if the variable X jumps to 0.02 after a shock, how does one interpret the result...
a. X responds with a 2 per cent deviation from steady state
b. X responds with a 0.02 per cent deviation from steady state.
cheers
reuben