Local Projection Impulse Response Function
Hello everyone!
I'm new to Stata and I'm trying to use the lpirf function to calculate the response of real GDP growth to a positive government spending shock.
However, using:
lpirf realgdppc, lags(1 2) step(5) exog(netexp gfcf_gr privatecons govshock)
all of the exogenous variables are considered impulses.
Is there a way to specify this code so the shock is the only impulse and the rest of the exogenous variables are just controls?
Many thanks in advance!
I'm new to Stata and I'm trying to use the lpirf function to calculate the response of real GDP growth to a positive government spending shock.
However, using:
lpirf realgdppc, lags(1 2) step(5) exog(netexp gfcf_gr privatecons govshock)
all of the exogenous variables are considered impulses.
Is there a way to specify this code so the shock is the only impulse and the rest of the exogenous variables are just controls?
Many thanks in advance!
