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SOS: Why IRFs are not smooth? So many kinks there

PostPosted: Wed Jun 04, 2014 7:47 pm
by ahnulxy
I do not know what's wrong. Anybody can give me some hints?
I have searched across the forum, somebody said there could be model problems. But I have used checked it few times, they are correct.

I have used the model_diagnostics command but nothing appears wrong.
attached is the mod file and initial values for endogenous variables
thanks a lot!

Re: SOS: Why IRFs are not smooth? So many kinks there

PostPosted: Wed Jun 04, 2014 7:50 pm
by ahnulxy
IRFs look like this:
Image

Re: SOS: Why IRFs are not smooth? So many kinks there

PostPosted: Thu Jun 05, 2014 8:37 pm
by ahnulxy
I have solved the problem by one of my professors. He solved a big problem for me!
The problem here is that I have too big standard_deviations for the shocks.

Re: SOS: Why IRFs are not smooth? So many kinks there

PostPosted: Fri Jun 06, 2014 2:48 pm
by jpfeifer
Use the pruning option of stoch_simul and shock sizes won't matter.