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
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reading IRF
by reubenpjacob » Mon Aug 06, 2007 7:51 am
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irf measure
by mtv20 » Mon Apr 21, 2008 4:48 pm
Can anyone reply to this question please? I have the same question and I think this forum will be more useful if experienced people provide some answers to forum questions rather than just looking at them and copying the relevant mod files.
m.
m.
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3 posts
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