Impulse Response Function
Posted: Fri Feb 19, 2021 8:03 am
Hello,
I'am trying to estimate the impact of fiscal policy shocks on economic growth.
To this end, I estimated a Structural VAR (SVAR) model with 3 variables (dlog(recsa), dlog(depensesa), dlog(pib_annsa)).
My question is how to interpret these impulse response graphs in the attachment? where shock 2 in the graphs refers to the shock on dlog(depensesa).
Thank you for your help.
I'am trying to estimate the impact of fiscal policy shocks on economic growth.
To this end, I estimated a Structural VAR (SVAR) model with 3 variables (dlog(recsa), dlog(depensesa), dlog(pib_annsa)).
My question is how to interpret these impulse response graphs in the attachment? where shock 2 in the graphs refers to the shock on dlog(depensesa).
Thank you for your help.