Inspecting Solutions

Function "response" computes the impulse response functions with several major options:

• the user can provide a vector with the first values of the model's exogenous processes, e1.

• the user can provide a name of the shock of interest and the size of the shock_name.

• the user can provide only a name of the shock of interest. The size of the shock is assumed to be a one standard deviation given in the yaml file.

Arguments

• model::NumericModel: Model object that describes the current model environment.

• dr: Solved decision rule.

• e1::ListOfPoints: List of initial model's exogenous processes values.

• If e1 is not provided, then:

  • shock_name: the name of the shock of interest.

• optional:

  • Impulse: the size of the shock; default: one standard deviation.

  • s0::ListOfPoints: List of initial state variable values; default: model.calibration[:states]

Returns

• response: Impulse response function.

This is the one we document.