Dear Jpfeifer,
My model is estimated using Bayesian estimation including some shocks. I want to know the should I interpret the scale of the shock in the graph of Bayesian impulse response? Is it 1 unit of the std. or 1 percent? If it is 1 unit of the std., is it the std. in the prior or the estimated value?
Thanks!
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the scale of shock in impulse response
by Grant » Wed Nov 18, 2015 10:14 am
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Re: the scale of shock in impulse response
by jpfeifer » Wed Nov 18, 2015 10:17 am
It is one posterior standard deviation.
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