Dear Gretl-users,
I have a question about the impulse responses of a vector autoregression model, generated with Gretl:
The impulse responses start at period 1. Is period 1 the period AFTER the shock or is it the same period of the shock (the contemporaneous period of the shock)?
This is perhaps a rather obvious question, but I would like to be sure as I'm analyzing impulse responses for my dissertation.
I'm looking forward to your answer!
Thanks in advance,
Lien