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st: Question on impulse response functions


From   Steven Craig <[email protected]>
To   [email protected]
Subject   st: Question on impulse response functions
Date   Tue, 18 May 2010 14:22:06 -0500

If we run an irf on demeaned data, is the shock a one standard deviation movement in the demeaned data? In that case, what is the measurement for the vertical axis?

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