Dear all
I am a new user of Dynare and I have a question (maybe somewhat trivial for some of you): how to compute negative stochastic shocks ? More precisely, I would like to compute, within a DSGE model, the impact of a decrease in the total factor productivity.
Thanks in advance.
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Negative stochastic shocks
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Negative stochastic shocks
by fisico69500 » Thu Jun 06, 2013 7:09 pm
- fisico69500
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Re: Negative stochastic shocks
by reubenpjacob » Thu Jun 06, 2013 9:57 pm
Just make sure the shock in your mod file enters with a negative coefficient.
instead of
TFP=ar1*TFP(-1) + iidshock
you write
TFP=ar1*TFP(-1) - iidshock
reuben
instead of
TFP=ar1*TFP(-1) + iidshock
you write
TFP=ar1*TFP(-1) - iidshock
reuben
- reubenpjacob
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