Unformatted text preview: g = 0.015. a) Compute impulse response functions for y , c , k , and a for ρ = 0.95 and θ = 0.5, 1.0, 2.0, 5.0, and 10.0. Plot the impulse response function for each variable all on the same graph for the different , so there will be four graphs (one for y , one for c , one for k , and one for a ). Discuss the dependence of each graph on . b) Compute impulse response functions for y , c , k , and a for = 1 and = 0, 0.25, 0.5, 0.75, 0.9, and 0.95. Discuss the dependence of each graph on ....
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- Spring '10
- Microeconomics, Impulse response, impulse response functions, Consumption RBC Model, Compute impulse response