Hello,
in the attached code I am trying to compute impulse responses for a number of variables, including w, p and w/p. However, whilst the irf for w and p seem to suggest that the ratio should decrease upon impact (for the second shock in the model), the opposite is the case. I could not quite figure out why this is.
A little help would be much appreciated. Thank you very much in advance.
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IRF Output
by faba » Thu Sep 03, 2015 8:32 pm
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simple_model.mod- (2.46 KiB) Downloaded 121 times
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Re: IRF Output
by jpfeifer » Fri Sep 04, 2015 7:03 am
Run the numbers for w/p. They add up:
Second shock
(1.38042+0.001037)/(4.40631+0.002294)-(1.38042)/(4.40631)= 7.2206e-05
First shock
(1.38042-0.0007183)/(4.40631-0.01238)-(1.38042)/(4.40631) = 7.1921e-04
Second shock
(1.38042+0.001037)/(4.40631+0.002294)-(1.38042)/(4.40631)= 7.2206e-05
First shock
(1.38042-0.0007183)/(4.40631-0.01238)-(1.38042)/(4.40631) = 7.1921e-04
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