Dynare forums

Forums for asking questions, posting comments and uploading examples related to Dynare

Skip to content

Interpretation of Bayesian IRF

This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location where you will have to reset your password.
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
Topic locked

Interpretation of Bayesian IRF

Postby viking76 » Sun Apr 22, 2012 10:31 pm

Hi Dynare users,

I'm quite new of Dynare. I have a doubt on Bayesian IRF. Following previous posts, I understood how they are computed. What is not yet clear to me is what is the magnitude of the shock: do the IRFs represent the responses to a "stderr" shock, as estimated during the estimation process, or are they the responses to a 1%, or 1 sd, or whatever...?

Thanks a lot!

Adrian
viking76
 
Posts: 8
Joined: Sun Apr 22, 2012 10:16 pm
Top

Re: Interpretation of Bayesian IRF

Postby viking76 » Tue Apr 24, 2012 5:52 pm

Nobody? It seems to me a very simple question for people familiar with dynare. Thanks

Adrian
viking76
 
Posts: 8
Joined: Sun Apr 22, 2012 10:16 pm
Top

Re: Interpretation of Bayesian IRF

Postby jpfeifer » Tue Apr 24, 2012 9:04 pm

Usually, the IRFs are in response to a one standard deviation shock as estimated by the stderr in estimation.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany
Top

Re: Interpretation of Bayesian IRF

Postby viking76 » Tue Apr 24, 2012 10:02 pm

Thanks a lot!
viking76
 
Posts: 8
Joined: Sun Apr 22, 2012 10:16 pm
Top
Topic locked

Return to Dynare help

Who is online

Users browsing this forum: No registered users and 4 guests

Powered by phpBB® Forum Software © phpBB Group
cron