Hi Tom,
Just a simple query: How can I scale up the shocks (e.g., to 2 sd, 4 sd, 10 sd) using the MCgraphirf procedure? Also change the sign of the shock (impulse) to negative at the same time? I am trying to do this for a 3 variable VAR model.
Many thanks in advance!
impulse response
Re: impulse response
You would have to change that in whatever is the program that is generating the %%responses. I can see the point of the sign flip, but what difference does the positive scaling make? 10 x is just 10 x on everything on the graph. Quite literally, all that will happen is that the scale of the y axis will change.