[quote="trubador"]If your model is in logarithmic form, then one unit shock will do what you want.
Trubadr, Thank you for the response. Can you please introduce a reference that confirm this : when variables are in logarithm form, one unit shock means 1% shock to the variable.
Search found 1 match
- Thu Jul 09, 2015 1:48 pm
- Forum: Estimation
- Topic: Impulse response to Cholesky 1% shock
- Replies: 13
- Views: 44075