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2012 Oct 21
1
[Vars] package: impulse response function
Hello,
I'm doing a research on the impulse responses in VAR models and I'm having
troubles in interpretation of R results.
My question is what is the shock of impulse variable that is produced to
obtain the response? Is it one-standard-deviation positive shock? If it is
so how can I obtain the responses on other types of shocks, say, 10%
negative shock?
Thanks a lot,
Marion