finalize_irf: Finalize IRF for the plots

In juhokalle/rmfd4dfm: Estimation of DFMs using RMFD-E parametrization

Finalize IRF for the plots

Description

finalize_irf transforms the structural impulse responses such that they reflect the responses of the endogenous variables to an exogenous shock of custom size, determined by the user. Additionally, it accumulates impulse responses of differenced variables such that they reflect the responses in levels. Finally, variables in logs, log-differences or in relative differences are multiplied by 100 such that they are transformed to percentages. This function is intended for a single shock identification, i.e. the output is a matrix with the columns containing the responses of the variables to the shock.

Usage

finalize_irf(irf_obj, shock_size, norm_id, trans_ix, int_vars)

Arguments

irf_obj	array containing the structural impulse responses
shock_size	size of the shock
norm_id	vector of length two, which code the variable corresponding to the shock of interest and its ordering in the system
trans_ix	vector containing the transformation codes
int_vars	vector coding the interest variables

Value

A matrix containing the IRFs as columns

juhokalle/rmfd4dfm documentation built on July 18, 2024, 10:19 p.m.