exercises in microfit

8/13/2019 Exercises in Microfit

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+ ! &

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# # - " 2# ! " " 3 888 8 !

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# " " +!9 " ! 2 + 3 " +6 7 C

! & E ' E '! E ' ! , E ' / E ' !/ E '

# / !/ = 7 , 6

+ # + % 54 + " " 5 !0-1 + 54 , ), # - +

" + 9 K 6 - " 9 P *5

# 6 # ! ! + 6 8 9+ # - "

$ E

2 +!9 36 " 2 + 3 " +6 7 C ! & +

E ' E ' ! E ' ! , E ' / E ' !/ E '!( E ' !) E ' ! E '

# !( !) ! = . 6 0 . 7 , + 54 " / ( # - + (?)6 "

9 6 9 8 - " ! F F, % - ' $ #*

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2 +!9 3 ! 7 % " + # / 25 "- + + +

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E ' E '! E ' !, E '

2 + 3 " +6 7 C# 6

E ' E ' ! E ' ! , E ' / E ' !/ E '

( E ' ) E '7 + H #6 + 54 " / , #

- + / 6 " + 9 + 6 + ! 7 # 888

& " " ! #

6 9 - "6 886

$ E

+!9 6

2 + 3 " +6 7 C# 6

E ' E ' ! E ' ! , E ' / E ' !/ E '( E ' ) E ' !( E ' !) E ' ! E '

7 + # ! # " + $

= E

,

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"- 7 ? )( # - + ) 6 9 9 - " " # 888

# " + X+

* B* 92 ! ! 2 36 # # " & $

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A E ? E

#? E ?

7 + C B+ 6 # # O0 $

J ? E I I I I A I A I ]J ? I J I J I

2 ( 3

# - = 2 ( 36 2 B+ 3 " +

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# . # @ 0B+ _ * 2,3 * 2 3 * 2(3 * 2 3

J ?2 3 2 //3 ? ) /

@ )A(,

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"+ 23 # @A - + =# " M M

B+ " & ! " J + 6 B+ J " +

B+ ! 6 & " ? #

& " "- + " !+ + " 6 +"" " B+ ! " !+ # 9+

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6 ' " " -,. 2 ' " - . & ' #N &? ? " -%.

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2 3 # " " # + 6 ? E , ? E N 6 > ! " 6 2 +

! 3 ( 2" N + 3 P 7B+ ! 7 6

+ N 6 + + 62" 3 7 ! & ! ! $

Generalized Impulse Response(s) to one S.E. shockin the equation for PF

P

PF

E

R

RFHorizon

-0.0050.0000.0050.0100.0150.0200.0250.030

0 5 10 15 20 25 30 35 40 45 50 50

" # 7 " -N 2 3 ! "

> # ! " & " !+ " 2 N 3 > "

N 7 " B+ + ! 6 6 T$ E (6 # ) /?M

" + 4 - & " " N + + 6 #

R 4 O ! # 7 . B+N . 0 .

) ) /? ( /, ( /? , ,, / ,/

( ( / ? ( (/ ) ) , )/, ,, ?? , ) ( - (/

( ? ?( - -

' ' =?< ' -H %:. ' ! "

' ' # ' # ' # # ,::

@ A


56/57

+ - " B+ 3! )M6 ) /?M6 (M6 /,M M > 2 3 -

+ +! B+ B+ "- + 6 > 7 2 3 ! M6 ? ?M M ! ! - +

" " ,M & " 2 I 3 > " 7 " # 7 B+ 6 +

> - M # > " & # 6 #

" "- + + ! ! # ! + 6 # > # " " * ! " 6 ) 2 + OC 3 ( 2" N

3 ! ! R 4C

Generalized Impulse Response(s) to one S.E. shockin the equation for PF

CV1

CV2

Horizon

-0.01

-0.02-0.03-0.04

0.000.01

0 5 10 15 20 25 30 35 40 45 50 50

7 + 6 " # 7 " -N # " " 6 888

! + " " +" ! + N 6 "

" B+ ! + + 6 R 4 #

> - M 6 - ,M B+ 6 # B+ ! + + 7 ! + ,- + 9+ B+ ! + 6 R 4 8

9+ # "- + + 6 # & ( + 9+ !+ >

888 888 "- + 6 ! # + " "6 + "

0 # ' ) 8, #+ FI ,H ' # # ! " # ,HK 7 # '

4 DL $ # ,HK > # ! $ ' # @0& D

$ #'

@ /A


57/57

! 6 6 8 X B+ 7 # + & R 4 8

" B+ ! + + " # " 888 B+ 7 " 8

% L L+ + 2 (36 8 4 " > 2 /6 3 % 6 # +

" 888 # B+ ! + 6 888 ! 9 + +

" + + ! - ": < 7

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