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RBA Glossary definition for IRFs

IRFs – Impulse Response Functions

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Robustness

31 Dec 2013 RDP 2013-14
Isaac Gross and James Hansen
Figure 6: A 1 Per Cent Innovation in Resource Prices – Model-theoretic IRF and IRF from VAR on Simulated Data. ... The reason that the VAR specification is able to reproduce the model-theoretic IRFs is the inclusion of reserves, a key observable state
https://www.rba.gov.au/publications/rdp/2013/2013-14/robustness.html

Motivation

31 Dec 2013 RDP 2013-14
Isaac Gross and James Hansen
Figure 2 reports the impulse response functions (IRFs) due to a 1 per cent exogenous increase in resource prices. ... In addition to the VAR IRFs, we also report the IRFs from our theoretical model in general equilibrium with endogenous reserves.
https://www.rba.gov.au/publications/rdp/2013/2013-14/motivation.html

Natural Resources in a Small Open Economy

31 Dec 2013 RDP 2013-14
Isaac Gross and James Hansen
is the estimated IRF from the VAR, and W. jl. is a diagonal matrix that weights the deviations between the theoretical model and the VAR IRFs by the width of the ... 95 per cent confidence interval at each IRF point (as estimated using the VAR).
https://www.rba.gov.au/publications/rdp/2013/2013-14/natural-resources-small-economy.html

Natural Resources in Partial Equilibrium

31 Dec 2013 RDP 2013-14
Isaac Gross and James Hansen
The parameters ϕ. mc. , κ and ρ. r. only affect the shape of IRFs and have no bearing on the steady state of the model. ... The IRFs are computed under both the endogenous and exogenous reserves equilibria as described in Definitions (1) and (2).
https://www.rba.gov.au/publications/rdp/2013/2013-14/natural-resources-partial-equilibrium.html