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Ashraf E. Mahmoud (PhD)'s image  
Answer added by  Ashraf E. Mahmoud (PhD), University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF., FreeLancer
6 years ago

Thanks for invitations, Following our colleagues specialized answers and replies.

Abid Ali's image  
Answer added by  Abid Ali, Accountant, STC
6 years ago

A shock means change the state of the variable and see how the others will respond. Shock effects in impulse response functions are the mirror image.  In a dummy case, th ... See More