Week 11 Homework Feedback: Omadbek Rasuljonov

Overall Assessment

Grade: ✅ (Pass)

Correct submission. You correctly estimated the VAR, identified the monetary policy shock, and plotted the impulse responses.

Task-by-Task Check

Data Preparation

  1. Transformations: ✅ Correct transformations.
  2. Alignment: ✅ Correctly handled data alignment.

Estimation & Identification

  1. VAR Estimation: ✅ Correct OLS estimation.
  2. Covariance: ✅ Residual covariance calculated.
  3. Cholesky: ✅ Correct lower triangular decomposition.
  4. Ordering: ✅ Correct recursive ordering.

Impulse Response Functions

  1. Shock Selection: ✅ Correctly selected the 3rd column of $P$.
  2. IRF Computation: ✅ Correct simulation loop.
  3. Plotting: ✅ Plots are clear and correctly labeled.
  4. Interpretation: ✅ Concise and correct Q&A interpretation.

Technical Implementation

  • Code Structure: Clean and readable.
  • Figures: Figure saved correctly.

Suggestions for Improvement

  • None. The submission meets all requirements.

Summary

10/10 tasks correct. Correct work.