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SVAR and Impulse response function

Posted: Wed Sep 22, 2010 12:19 am
by chssb10
Hi all,

I'm working on a SVAR model with short-run restrictions.
I just want to know whether it is possible for eviews to generate impulse response functions with negative shocks instead of positive shocks?

Thanks!

Re: SVAR and Impulse response function

Posted: Wed Sep 22, 2010 6:54 pm
by chssb10
Anyone can help???

I'm actually running a model to study the impact of monetary policy on asset prices.
A positive shock on interest rate can only allow me to see the impact of a contractionary monetary policy on asset prices.
What I am more interested in looking at is the impact of an expansionary monetary policy on asset prrices.

So, I'm just wondering whether Eviews can give a negative shock to interest rate (which means an expansionary monetary policy".

THANKS !!!!