why there is only one impulse response with respect to n in the first graph, while the other two graphs with a complete set of impulse responses of all the 6 variables?
if anyone can help me? i appreciate it very much.
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lost of impulse responses?????
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lost of impulse responses?????
by mayong1982 » Tue Dec 13, 2011 2:43 pm
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Re: lost of impulse responses?????
by SébastienVillemot » Wed Jan 04, 2012 11:58 am
The reason is simple: Dynare does not plot IRFs for variables that do not move following a given shock. In your case, the only variable which reacts to the first shock is n.
Best,
Best,
Sébastien Villemot
Economist at OFCE – Sciences Po
Economist at OFCE – Sciences Po
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