Grouping multiple shocks in historical decomposition

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Grouping multiple shocks in historical decomposition

Postby mrd1983 » Tue Apr 29, 2014 9:04 am

Hi all and sorry, if the problem has been already discussed here and I couldn't find it.

I am estimating a large scale DSGE model and am interested in the effects of particular shocks on particular variables. However, I have nearly 50 shocks, which makes the historical decomposition graph looking quiete confusing. Is there a way to group multiple shocks, for example all domestic disturbances as one shock and let dynare display only the "net effect" of all of them in the graph? So that in the graph there would appear only a small number of shock out of the 50 that I am really interested in?

Thank you in advance!
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Re: Grouping multiple shocks in historical decomposition

Postby federico » Wed Apr 30, 2014 8:42 am

Look at this topic maybe it could help

viewtopic.php?f=2&t=4581
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Re: Grouping multiple shocks in historical decomposition

Postby mrd1983 » Wed Apr 30, 2014 11:32 am

Thank you very much!

Is there also a simple method how to generate those graphs out of the "oo._shock_decomposition" data?
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Re: Grouping multiple shocks in historical decomposition

Postby jpfeifer » Tue May 06, 2014 6:49 pm

You can try to work directly with Dynare's graph_decomp.m function but is also not easy.
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Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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