IrisT Tutorial: Unit Root Models

In this tutorial, build and handle models with unit-root variables, such as balanced-growth path models. In IrisT, unit-root models do not need to be stationarized, and can be coded up, simulated and analyzed with the variables in their original levels.

Model source files

• model-source/exogenous-growth.model
• model-source/exogenous-growth-stationarized.model

Matlab scripts

• run01_createModels.m
• run02_compareShockSimulations
• run03_compareAcf