Hi,
I'm rather new at Dynare, and have looked through all the documentation I can find online, including Barillas et al.'s manual, Kamenik, and the standard manual itself (this is just to indicate that I am not asking without having first looked for the answer, given that this is such a simple question).
How does one interpret the IRF units? It's unclear if the output is in standard deviations of the original variable, or in units of the original variable.
Any insight that people could give would be appreciated. I want to apologize again for asking such a simple question, I just cannot discern it from the code or any other searches.
Thanks!
John
Dynare forums
Forums for asking questions, posting comments and uploading examples related to Dynare
Interpretation of IRF
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
3 posts
• Page 1 of 1
Interpretation of IRF
by johnl » Sun Aug 01, 2010 6:08 am
- johnl
- Posts: 2
- Joined: Sun Aug 01, 2010 6:01 am
Re: Interpretation of IRF
by johnl » Sun Aug 01, 2010 2:53 pm
The question has been answered. The existence of the "relative_irf" option indicates that the default IRF is in original units.
- johnl
- Posts: 2
- Joined: Sun Aug 01, 2010 6:01 am
Re: Interpretation of IRF
by jpfeifer » Thu Nov 21, 2013 4:27 pm
IRFs are in absolute deviations from steady state. See also http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=3071 and http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=5082 and http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=3598
- jpfeifer
- Posts: 6940
- Joined: Sun Feb 21, 2010 4:02 pm
- Location: Cologne, Germany
3 posts
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 6 guests