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Forecast with specific shocks

PostPosted: Tue Feb 11, 2014 5:56 am
by htoma
Hi to everybody.

I'm currently working with a DSGE model that incorporates natural resources exports. What I wanted to know was if there is a way in which I can forecast the values of the variables when specific shocks occur. For example, in the model I'm working with I would like to obtain a forecast for the GDP when only a natural resources price shock occurs.

Any kind of help will be highly appreciated.

Re: Forecast with specific shocks

PostPosted: Tue Feb 11, 2014 9:30 am
by jpfeifer
You need to be more precise. It sounds as if you are talking about impulse response functions and not forecasts.

In any case, you can generate what you want using the simult_-command See e.g. http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=3603