oirf function

Orthogonal Impulse Response Function

oirf(model, n.ahead)

Arguments

• model: A PVAR model
• n.ahead: Any stable AR() model has an infinite MA representation. Hence any shock can be simulated infinitely into the future. For each forecast step t you need an addtional MA term.

Examples

data("ex1_dahlberg_data")
oirf(ex1_dahlberg_data, n.ahead = 8)