I would like to see in my model the effects of the policy Intervention such as an unexpected increase in bank capital while there has been a negative shock on housing price from a couple of earlier periods. I don't know how to implement this experiment in Dynare. Should I use Matlab functions, it would be great if you guide me how to proceed it.
Thank you in advance.
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impulse responses to more than one shock in different time
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impulse responses to more than one shock in different time
by invader21 » Mon Feb 09, 2015 9:32 am
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Re: impulse responses to more than one shock in different ti
by jpfeifer » Mon Feb 09, 2015 1:52 pm
First, you make sure your model runs with stoch_simul with an unexpected increase in bank capital starting from the steady state. The same must work with a price shocks. When these two IRFs works, you can use the simult_ function of Dynare to simulate a sequence of these two shocks.
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Re: impulse responses to more than one shock in different ti
by invader21 » Mon Feb 09, 2015 3:08 pm
Thank you for your quick reply. I have one question. I'll try it.
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