Summary of my meeting with Professor on PhD dissertation 19th May 2022 💪( ͡❛ ͜ʖ ͡❛҂)

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So, the notes need to be updated.

And I am super glad that the meeting is going well.

Such a couple of notes

1. The Forecast Error is not the same as the determinant of the impulse response. I made a mistake by summarising the determinant of the impulse response in the table.

2. As the impact of the first point, I need to count the FEV with the function in JMulti; under the SVAR IR, there is SVAR FEV.

3. The FEV is also a zero-sum metric, which means the value will not exceed 1. So it shows how much contribution of the shock affects the variable. 

4. The next step is finding the calculation, and we will meet again in 7th of June with the data of Korea! 

5. When it comes to the robustness test, the non-covid sample is not meaning that we add one more variable, it's all the same with 4 variables, but the date is limited only before COVID started. 

6. The impulse response is drawn in Matlab. 

Awesome! 

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