Search: IRFs
RBA Glossary definition for IRFs
IRFs – Impulse Response Functions
Search Results
Robustness
31 Dec 2013
RDP
2013-14
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
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
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
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