sj
2007-Aug-09 14:13 UTC
[R] Interpret impulse response functions from irf in MSBVAR library
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 [[alternative HTML version deleted]]