In SVAR estimation, Chelosky matrix does not give consistent results with Impulse Response Functions?

[Selin Ozdamar]

I am running 2 variables SVAR model and I use one restriction in matrix A. Chelosky matrix shows negative value but Impulse Response Functions shows positive effect. Is this situation normal or I may doing something wrong?

[Morad Bali]

Do you mean Cholesky ?

In any case if you want the values of your IRF you need to table it.

Let's imagine you want to graph an impulse of x and a response of y. For a model1 where you have created an irf file named "irf1".

irf set model1

irf graph oirf, irf(irf1) impulse(x) response(y)

// This will graph the IRF

irf table oirf, irf(irf1) impulse(x) response(y)

// This will table the values displayed on your graph.