Hi, everyone,
Could you please clarify, sirf provide response to 1% shock in % or original units of response variable.
Thanks.
Search found 2 matches
- Thu Aug 03, 2023 7:29 am
- Forum: Add-in Support
- Topic: SVAR - SIRF Add-in
- Replies: 6
- Views: 62391
- Tue Nov 24, 2020 2:13 pm
- Forum: Econometric Discussions
- Topic: Interpreting impulse response functions: Std dev or % ?
- Replies: 21
- Views: 79422
Re: Interpreting impulse response functions: Std dev or % ?
Hello,
please clarify:
1. If I want to rescale Cholesky one std dev to 1% by sirf add-in - what should I put into box "Scale factor for IRF"?
2. Is it depends on form of impulse variable - log, diff log or level?
3. Does sirf add-in work for unrestricted VAR?
Many thanks!
please clarify:
1. If I want to rescale Cholesky one std dev to 1% by sirf add-in - what should I put into box "Scale factor for IRF"?
2. Is it depends on form of impulse variable - log, diff log or level?
3. Does sirf add-in work for unrestricted VAR?
Many thanks!