Hello,
I am wondering if anyone knows how to interpret the values returned by irf
function in the MSBVAR library. Some of the literature I have read indicates
that impulse responses in the dependent variables are often based on a 1
unit change in the independent variable, but other sources suggest that they
are based on a a change of 1 standard deviation. Any ideas which irf uses to
compute the irf? The documentation is not very clear.
Thanks,
Spencer
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