Determine which structural shocks to manipulate over the observed variable scenario sample. The number of selected scenario shocks must be equal to the number of selected scenario variables.
Additional Information
• | A more detailed description about observed variable scenarios can also be found in Section 11.10 of the YADA Manual. |
NOTE: Observed variable scenarios are only available in the version of YADA that is exclusive to the NAWM team within the Directorate General Research of the European Central Bank and the Modelling Unit of the Monetary Policy Department of Sveriges Riksbank. The publicly available version of YADA does not include the code for this tool.
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