Determines which structural shock is linked to which scenario variable. The number of selected scenario shocks must be equal to the number of selected scenario variables.
YADA allows for different number of scenario variables in each time period over the scenario sample. For this to work it is convenient to have a unique mapping between the scenario variables and the scenario shocks. The minimum number of scenario variables for such a time period is 1 and the maximum is the number of selected scenario variables. A specific scenario variable is dropped from the set of scenario variables in a specific scenario period if its value is given by a NaN.
Additional Information
• | A more detailed description about observed variable scenarios can also be found in Section 11.10 of the YADA Manual. |
NOTE: Observed 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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