Dear All,
I have a question, which probably you will find stupid..
I
have to study the structural shocks to output for changes in government
spending and taxes in the Normandy Invasion of WWII (period identified
by dummy variable) and computing the consequent multipliers.
For
multipliers it is not a problem since they are linked with the VAR
coefficients but for IRF...which ones do I have to check?
Better
saying,..the option for IRFs in the standard Vector Autoregression is
anyway based on the Cholesky decomposition but IRF obtained in the SVAR
are different: so which one do I have to choose and why?
Thanks for
attention and help!!
Mirko
Invita i tuoi amici e Tiscali ti premia! Il consiglio di un amico vale più di uno spot in
TV. Per ogni nuovo abbonato 30 € di premio per te e per lui! Un amico al mese e parli e
navighi sempre gratis:
http://freelosophy.tiscali.it/