Measuring the Effects of a Shock to Monetary Policy - Humboldt ...

Bayesian FAVARs with Agnostic Identification 109
% Price - Money - Interestrate
check_result = 1;
elseif all(candidate(P_INDEX (1:(length(P_INDEX))),1:specZ) > 0) &...
all(candidate(M_INDEX (1:(length(M_INDEX))),1:specZ) > 0) &...
all(candidate(I_INDEX (1:(length(I_INDEX))),1:specZ) < 0);
else
end;
check_result = -1; %According to B. Mackowiak
check_result = 0;
%%%%%%**********************************************************%%%%%
%%%%%% Bayesian FAVAR Code August 26th %%%%%
%%%%%%**********************************************************%%%%%
%%%%%% GLOG %%%%%
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%%%%% This Function is used to log an output string depending
%%%%% on its log level glog_type. The global variable
%%%%% GLOG_MODE signifies the global minimum level for
%%%%% outputs and is set directly in BAYESIAN_FAVAR.
%%%%% If the glog_type of an output string is less than
%%%%% GLOG_MODE the output is ignored.
%%%%% Otherwise GLOG uses the disp() function to
%%%%% display the output string.
function GLOG (glog_text, glog_type)
%function GLOG (glog_text, glog_type)
global GLOG_MODE;
if glog_type >= GLOG_MODE
end
disp (glog_text);
%%%%%%**********************************************************%%%%%
%%%%%% Bayesian FAVAR Code August 26th %%%%%
%%%%%%**********************************************************%%%%%
%%%%%% DO_RESULTS %%%%%
%%%%%% see Sequence Diagram Block C %%%%%
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%%%%% Plots the results of all finalresponses containing more
%%%%% than zero elements.
function DO_RESULTS (input,results)
%function DO_RESULTS (input,results)
spec_nBC = length(input.specification.IRA.BC);
for bc_i = 1:spec_nBC;
if results.ira.finalresponses(bc_i).no > 0
%%% BBE
figure(bc_i )
for i=1:20
subplot(5,4,i)
plot(input.specification.IRA.tstep,...
input.specification.IRA.zeroline,’-k’, ...
input.specification.IRA.tstep,...