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Thank you for your reply. I am not sure if my programm generates this output as it is rather long and messy... do you know where I could get some input regarding my code? That would be a great help, thank you!

Thank you for the quick reply! I am acctually not quite sure about the exact definition of the base forecast. I assume I obtain them when drawing the historical responses of the oil price (here v4_1 ... v4_4) as I used the code below for the historical decomposition. How would I obtain the base fore...

Hello I have a question regarding the interpretation of historical decompositions in general. I am using a structural VAR model with sign restrictions and three structural shocks to model the oil price. I estimated the historical decomposition (using sign restriction approach by uhlig) and I have us...