Dynare forums

Hi, I'm trying to simulate a DSGE model with financial frictions, monetary and fiscal policies. When I run the script, dynare does not shows any warning or error message, but some of IRFs graphics make no sense. For example, a positive shock in the monetary policy rule, leads to a fall in the interest rate set by central bank. What could be the cause? Is it a calibration problem, or something worse?

I could by virtually anything. First, of course, you should check the parameterization. See http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=4684