Shock from exogenous variable to endogenous variable
Posted: Wed Mar 16, 2016 10:15 am
Hello,
I am having two equations in my model.(The name of my model is called model01) I would like to run a stochastic simulation and see the response of my endogenous variable (called y1 and y2) from one of the exogenous variable (called x1) if I apply a standard deviation shock to the exogenous variable.
The question is, I am not sure how to create a exogenous series that contain the standard deviation shock. Also where should I find the value of standard deviation? Do I right click on of the equation in the model and click the property and obtain the s.d. value from the right hand corner? (let say it's equal to 0.04716)
I try to use the following command:
model01.innov x1 0.04716
But nothing happened.
Please help me with this.
Thanks a lots.
I am having two equations in my model.(The name of my model is called model01) I would like to run a stochastic simulation and see the response of my endogenous variable (called y1 and y2) from one of the exogenous variable (called x1) if I apply a standard deviation shock to the exogenous variable.
The question is, I am not sure how to create a exogenous series that contain the standard deviation shock. Also where should I find the value of standard deviation? Do I right click on of the equation in the model and click the property and obtain the s.d. value from the right hand corner? (let say it's equal to 0.04716)
I try to use the following command:
model01.innov x1 0.04716
But nothing happened.
Please help me with this.
Thanks a lots.