IRFandGIRF function

IRFs and GIRFs for all models

IRFandGIRF(ModelType, ModelPara, IRFhoriz, FactorLabels, Economies)

Arguments

• ModelType: string-vector containing the label of the model to be estimated
• ModelPara: list of model parameter estimates (See the "Optimization" function)
• IRFhoriz: single numerical vector containing the desired horizon of analysis for the IRFs
• FactorLabels: string-list based which contains the labels of all the variables present in the model
• Economies: string-vector containing the names of the economies which are part of the economic system

Details

The Structural shocks from the IRFs are identified via Cholesky decomposition