EViews.com

Hi

When producing IRFs from an SVAR in EViews, the horizon in the IRF chart along the horizontal axis is 1, 2, 3, ... In the graph produced, is 1 the contemporaneous effect and then the subsequent ones are the dynamics, or is the contemporaneous effect not included in the chart?

Thanks!

Hello,

Period 1 is the initial structural shock (decomposed into the VAR's variables) and the remaining periods are future dynamics.