median target method by Fry and Pagan (2011)
Posted: Tue Apr 02, 2013 4:15 pmDear Tom:
I have a paper revised and resubmit. I use Uhlig (2005) "pure sign restrictions" method to identify a single shock. But the referee ask us to use the median target method by Fry and Pagan (2011) to generate the impulse response. I am wondering how to modify the code of Uhlig (2005) pure sign restrictions method to incorporate the median target method. Would you mind provide a sample code? I have attached my original code here. Thanks a lot!
I have a paper revised and resubmit. I use Uhlig (2005) "pure sign restrictions" method to identify a single shock. But the referee ask us to use the median target method by Fry and Pagan (2011) to generate the impulse response. I am wondering how to modify the code of Uhlig (2005) pure sign restrictions method to incorporate the median target method. Would you mind provide a sample code? I have attached my original code here. Thanks a lot!