4. Consider the following VAR(1) process where y denotes the growth in real per capita GDP and y2, is the inflation: [2]-[8.5 a) [0.5 0.3 1-1 0.0 0.22-1 b) [3²-1] Consider the effect at time t = 0, 1, ..., of a unit shock to y₁, at time t = 0. Trace the impulse-response for the next two periods. Note the shock occurs in the disturbance term (here in terms of u₁) Consider the effect at time t = 0, 1,..., of a unit shock to y2, at time t = 0. Trace the impulse-response for the next two periods (here in terms of v2).
4. Consider the following VAR(1) process where y denotes the growth in real per capita GDP and y2, is the inflation: [2]-[8.5 a) [0.5 0.3 1-1 0.0 0.22-1 b) [3²-1] Consider the effect at time t = 0, 1, ..., of a unit shock to y₁, at time t = 0. Trace the impulse-response for the next two periods. Note the shock occurs in the disturbance term (here in terms of u₁) Consider the effect at time t = 0, 1,..., of a unit shock to y2, at time t = 0. Trace the impulse-response for the next two periods (here in terms of v2).
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Topics In Analytic Geometry
Section6.4: Hyperbolas
Problem 5ECP: Repeat Example 5 when microphone A receives the sound 4 seconds before microphone B.
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