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# st: IRF interpretation

 From Muhammad Akram To Subject st: IRF interpretation Date Mon, 13 Feb 2012 23:41:06 +0500

```Dear All,

I need a bit of help in interpreting IRF table values in %age from the following table.

+--------------------------------------------------------------------------------+
|        |    (1)         (1)         (1)    |    (2)         (2)         (2)    |
|  step  |   irf        Lower       Upper    |   irf        Lower       Upper    |
|--------+-----------------------------------+-----------------------------------|
|0       | 0           0           0         | 0           0           0         |
|1       | -.000251    -.000975    .000473   | -.000099    -.000705    .000508   |
|2       | -.000622    -.001709    .000464   | -.000389    -.001011    .000233   |
|3       | .000123     -.000908    .001155   | .000188     -.000338    .000715   |
|4       | .00085      -.000348    .002047   | .000266     -.000246    .000779   |
|5       | -.000271    -.001281    .00074    | -.000074    -.000628    .000479   |
|6       | -.000504    -.001704    .000697   | -.000064    -.000613    .000485   |
|7       | .000213     -.000852    .001279   | -.000068    -.000592    .000457   |
|8       | .000025     -.001095    .001145   | -.00005     -.00048     .000379   |
+--------------------------------------------------------------------------------+
95% lower and upper bounds reported
(1) Impulse = opu, and response = D.lgdp
(2) Impulse = opd, and response = D.lgdp

in model oil prices are in US\$ and gdp is gdp per capita. So I want to explain from these results how much gdp increases in \$s when crude oil price is increased by 10\$. I should be greatful for guidance.

Thanks

aasim

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```

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