Loading Closure and Shocks into AnalyseGE

If you right-click on one of the cells in the Base or Policy Shocks columns of the Closure/Shocks page, you will see menu item Load Closure, Shocks into AnalyseGE in the pop-up menu.

This uses the Command file statement

simulation = analyse-closure ;

introduced in Release 10.0-001 (April 2009) of GEMPACK.

When you use this menu item, you get either the Base or Policy closure and the shocks for the relevant period (as taken from the BSH or PSH file) loaded into AnalyseGE. The values of the Coefficients loaded into AnalyseGE are those for the starting data.

When you click in the Policy Shocks column, whether or not you see as shocked those variables which get shocks from the Base/Rerun (that is, those variables which are exogenous in the Rerun/Policy but are endogenous in the Base) depends on your model EXE. If the model EXE is from Release 11 or later (or is from a beta test for Release 11 from April 2011 or later), you will see these as shocked; otherwise not.

James Giesecke suggested this option -- he says that he finds the colours in AnalyseGE helpful for understanding how the closure (especially the Policy closure) works.

Fine Print

This gives more details when you click in the Policy Shocks column and when your model EXE is sufficiently recent to give shocks from the Base/Rerun. [That is, the model EXE is made with Release 11 or later, or is made with a beta test for Release 11 from April 2011 or later.]

In this case, the shock values on the Solution file loaded into AnalyseGE tell you the status of components which are exogenous in the Policy, as follows:

•If a component of a variable is exogenous in the Policy and endogenous in the Base, it receives a shock of 222.0 if shocked in the PSH file, or a shock of 111.0 otherwise.

•If a component of a variable is shocked in the PSH file and is exogenous in the Base, it receives a shock of 333.0 if shocked in the Base, or its shock from the PSH file if not shocked in the Base.

•If a component of a variable is exogenous in the Policy and not shocked in the PSH file, and is shocked in the Base (that is, in the BSH file), it is given a shock equal to its shock in the Base.

•Otherwise the component is not shocked.

URL of this topic: www.copsmodels.com/webhelp/rundynam/hc_closshforanalysege.htm

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