Impulse responses functions

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Impulse responses functions

Postby bamba » Tue Apr 18, 2006 9:35 am

Dear,
i have estimated a a new keynesian model with dynare . After the estimation (Matlab displayed the estimates parameters) i did not get the impulse responses function. How can i do to find them
Best regards
bamba
 
Posts: 16
Joined: Fri Jan 06, 2006 11:01 am

Postby MichelJuillard » Tue Apr 18, 2006 3:31 pm

Dear Bamba,

if you have done Metropolis iterations, you should use the option bayesian_irf in the estimation command

if you have only computed the posterior mode, you should do stoch_simul to have the IRFs when the parameters are set at the posterior mode.

Best

Michel
MichelJuillard
 
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Joined: Thu Nov 18, 2004 10:51 am

Postby bamba » Tue Apr 18, 2006 4:18 pm

Dear Michel,
i have estimated the model with the maximum of likelihood methods, can i get theIRFs without using stoch_simul or it 's necessary to use stoch_simul;
best regards
bamba
 
Posts: 16
Joined: Fri Jan 06, 2006 11:01 am

Postby MichelJuillard » Tue Apr 18, 2006 4:26 pm

If you have estimated with ML, you must use stoch_simul.

Kind regards

Michel
MichelJuillard
 
Posts: 680
Joined: Thu Nov 18, 2004 10:51 am

Postby bamba » Tue Apr 18, 2006 4:30 pm

thank
i have already done it; i thought that it was possible to do it without using stoch_simul
bamba
 
Posts: 16
Joined: Fri Jan 06, 2006 11:01 am


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