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Impulse Responses

 

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Calculate the responses of the observed variables from the structural shocks at initial or marginal/joint/DSGE posterior mode parameter values, or a sample from the prior or the posterior distribution of the parameters. In the event that a sample from the posterior is selected, the number of parameters in the sample is determined by the number of post burn-in posterior draws and the percentage use of posterior draws for impulse responses, variance decompositions and other functions of the parameters. These values are set in the posterior sampling frame on the Options tab.

The responses can be calculated for the original observed variables, using the annualization data from the data construction file, or the levels information from the same source.

 

Additional Information

A detailed description about impulse responses to shocks in DSGE-VAR models can be found in Section 16.2 of the YADA Manual.

 

 


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