I know the procedure @varirf uses choleski shocks. But does it use one standard deviation shock or one unit shock?
How can I change one from the other?
Thanks.
impulse responses
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impulse responses
by ying2728 » Sun Dec 02, 2012 2:21 am
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Re: impulse responses
by TomDoan » Mon Dec 03, 2012 7:32 am
They are one standard deviation in the Choleski factor orthonormalization. What do you mean by "unit shocks"?
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