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Reorder Shocks

 

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Determine which structural shocks are linked to which scenario variables. The number of selected state scenario shocks must be equal to the number of selected state scenario variables.

YADA allows for different number of state scenario variables in each time period over the scenario sample. For this to work it is convenient to have a unique mapping between the state scenario variables and the state scenario shocks. The minimum number of state scenario variables for such a time period is 1 and the maximum is the number of selected state scenario variables. A specific state scenario variable is dropped from the set of state scenario variables in a specific scenario period if its value is given by a NaN.

 

Additional Information

A more detailed description about state variable scenarios can also be found in Section 11.11 of the YADA Manual.

NOTE: State variable scenarios are only available in the version of YADA that is exclusive to the NAWM team within the Directorate General Research of the European Central Bank and the Modelling Unit of the Monetary Policy Department of Sveriges Riksbank. The publicly available version of YADA does not include the code for this tool.

 

 


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