Dynare forums

Hi:

Suppose I adjust a model (maybe change a parameter value) and my output changes(e.g. IRFs indicate a bigger or smaller response), is there a way to calculate if said changes are statistically different from the "benchmark" situation?

Thanks.

You may want to have a look at the sensitivity analysis embedded in Dynare, thanks to Marco Ratto:

http://www.dynare.org/manual/index_27.h ... n-analysis
Ratto, Marco (2008): “Analysing DSGE models with global sensitivity analysis”, Computational Economics, 31, 115–139

Thanks.