diff --git a/matlab/+mom/graph_comparison_irfs.m b/matlab/+mom/graph_comparison_irfs.m
index 1ab5ba4e8afa3c18acd80f79d80203ee9f80680a..b3ba13b13fa4cd92b3eef42ad6fd62b0198ce046 100644
--- a/matlab/+mom/graph_comparison_irfs.m
+++ b/matlab/+mom/graph_comparison_irfs.m
@@ -1,5 +1,5 @@
-function graph_comparison_irfs(matched_irfs,irf_model_varobs,varobs_id,irfHorizon,relative_irf,endo_names,exo_names,exo_names_tex,dname,fname,graph_format,TeX,nodisplay,figures_textwidth)
-% graph_comparison_irfs(matched_irfs,irf_model_varobs,varobs_id,irfHorizon,relative_irf,endo_names,exo_names,exo_names_tex,dname,fname,graph_format,TeX,nodisplay,figures_textwidth)
+function graph_comparison_irfs(matched_irfs,irf_model_varobs,varobs_id,irf_horizon,relative_irf,endo_names,exo_names,exo_names_tex,dname,fname,graph_format,TeX,nodisplay,figures_textwidth)
+% graph_comparison_irfs(matched_irfs,irf_model_varobs,varobs_id,irf_horizon,relative_irf,endo_names,exo_names,exo_names_tex,dname,fname,graph_format,TeX,nodisplay,figures_textwidth)
 % -------------------------------------------------------------------------
 % Plots and saves to disk the comparison of the selected data irfs and corresponding model irfs
 % -------------------------------------------------------------------------
@@ -7,7 +7,7 @@ function graph_comparison_irfs(matched_irfs,irf_model_varobs,varobs_id,irfHorizo
 % matched_irfs:      [matrix]   information on matched data irfs
 % irf_model_varobs:  [matrix]   model irfs for observable variables
 % varobs_id:         [vector]   index for observable variables in endo_names
-% irfHorizon:        [scalar]   maximum horizon of irfs
+% irf_horizon:       [scalar]   maximum horizon of irfs
 % relative_irf:      [boolean]  if true, plots normalized irfs
 % endo_names:        [cell]     names of endogenous variables
 % exo_names:         [cell]     names of exogenous variables
@@ -51,67 +51,69 @@ function graph_comparison_irfs(matched_irfs,irf_model_varobs,varobs_id,irfHorizo
 % along with Dynare.  If not, see <https://www.gnu.org/licenses/>.
 
 
-graphDirectoryName = CheckPath('graphs',dname);
-latexDirectoryName = CheckPath('latex',dname);
+graph_directory_name = CheckPath('graphs',dname);
+latex_directory_name = CheckPath('latex',dname);
 if TeX && any(strcmp('eps',cellstr(graph_format)))
-    fidTeX = fopen([latexDirectoryName filesep fname '_irf_matching_plot.tex'],'w');
-    fprintf(fidTeX,'%% TeX eps-loader file generated by mom.run.m (Dynare).\n');
-    fprintf(fidTeX,['%% ' datestr(now,0) '\n']);
-    fprintf(fidTeX,' \n');
+    fid_TeX = fopen([latex_directory_name filesep fname '_irf_matching_plot.tex'],'w');
+    fprintf(fid_TeX,'%% TeX eps-loader file generated by mom.run.m (Dynare).\n');
+    fprintf(fid_TeX,['%% ' datestr(now,0) '\n']);
+    fprintf(fid_TeX,' \n');
 end
-shockEntries = cellfun(@(x) x(2), matched_irfs(:, 1));
-uniqueShockEntries = unique(shockEntries);
-for jexo = uniqueShockEntries'
-    entriesDataIrfs = find(cellfun(@(x) x(2) == jexo, matched_irfs(:, 1)));
-    uniqueVariables = unique(cellfun(@(x) x(1), matched_irfs(entriesDataIrfs,1)));
-    [nbplt,nr,nc,lr,lc,nstar] = pltorg(length(uniqueVariables));
+shock_entries = cellfun(@(x) x(2), matched_irfs(:, 1));
+unique_shock_entries = unique(shock_entries);
+colDarkGrey = [0.3, 0.3, 0.3]; % dark grey
+for jexo = unique_shock_entries'
+    entries_data_irfs = find(cellfun(@(x) x(2) == jexo, matched_irfs(:, 1)));
+    unique_variables = unique(cellfun(@(x) x(1), matched_irfs(entries_data_irfs,1)));
+    [nbplt,nr,nc,lr,lc,nstar] = pltorg(length(unique_variables));
     fig = 0;
-    for jvar = 1:length(uniqueVariables)
+    for jvar = 1:length(unique_variables)
         if jvar==1 || ~( (fig-1)*nstar<jvar && jvar<=fig*nstar )
             fig = fig+1;
             fig_irf = dyn_figure(nodisplay,'Name',['Irf matching shock to ' exo_names{jexo} ' figure ' int2str(fig)]);
         end
         plt = jvar-(fig-1)*nstar;
-        dataIrfRows = find(cellfun(@(x) x(1) == uniqueVariables(jvar) && x(2) == jexo, matched_irfs(:, 1)));
-        dataIrfPeriods = cellfun(@(x) x(3), matched_irfs(dataIrfRows,1));
-        dataIrfValues = cell2mat(matched_irfs(dataIrfRows,2));
+        data_irf_rows = find(cellfun(@(x) x(1) == unique_variables(jvar) && x(2) == jexo, matched_irfs(:, 1)));
+        data_irf_periods = cellfun(@(x) x(3), matched_irfs(data_irf_rows,1));
+        data_irf_values = cell2mat(matched_irfs(data_irf_rows,2));
         if nbplt>1 && fig==nbplt
             subplot(lr,lc,plt);
         else
             subplot(nr,nc,plt);
         end
-        plt_data = plot(dataIrfPeriods,dataIrfValues,'x','linewidth',2);
+        plt_data = plot(data_irf_periods,data_irf_values,'h', 'MarkerEdgeColor',colDarkGrey,'MarkerFaceColor',colDarkGrey,'MarkerSize',8);
         hold on
-        plt_model = plot(1:irfHorizon, irf_model_varobs(:,varobs_id==uniqueVariables(jvar),jexo),'-k','linewidth',1);
+        plt_model = plot(1:irf_horizon, irf_model_varobs(:,varobs_id==unique_variables(jvar),jexo),'-k','linewidth',2);
         hold on
-        plot([1 irfHorizon],[0 0],'-r','linewidth',0.5);
+        plot([1 irf_horizon],[0 0],'-r','linewidth',1);
         hold off
-        xlim([1 irfHorizon]);
+        xlim([1 irf_horizon]);
         remove_fractional_xticks
         if TeX
-            title(['$' endo_names{uniqueVariables(jvar)} '$'],'Interpreter','latex');
+            title(['$' endo_names{unique_variables(jvar)} '$'],'Interpreter','latex');
         else
-            title(endo_names{uniqueVariables(jvar)},'Interpreter','none');
+            title(endo_names{unique_variables(jvar)},'Interpreter','none');
         end
-        if (plt==nstar) || jvar==length(uniqueVariables)
+        set(gca,'FontSize',12);
+        if (plt==nstar) || jvar==length(unique_variables)
             % Adding a legend at the bottom
             axes('Position',[0, 0, 1, 1],'Visible','off');
-            lgd = legend([plt_data,plt_model],{'Data', 'Model'}, 'Location', 'southeast','NumColumns',2);
-            lgd.Position = [0.405 0.025 lgd.Position(3) lgd.Position(4)];
+            lgd = legend([plt_data,plt_model],{'Data', 'Model'}, 'Location', 'southeast','NumColumns',2,'FontSize',14);
+            lgd.Position = [0.37 0.01 lgd.Position(3) lgd.Position(4)];
 
-            dyn_saveas(fig_irf,[graphDirectoryName filesep fname '_matched_irf_' exo_names{jexo} int2str(fig)],nodisplay,graph_format);
+            dyn_saveas(fig_irf,[graph_directory_name filesep fname '_matched_irf_' exo_names{jexo} int2str(fig)],nodisplay,graph_format);
             if TeX && any(strcmp('eps',cellstr(graph_format)))
-                fprintf(fidTeX,'\\begin{figure}[H]\n');
-                fprintf(fidTeX,'\\centering \n');
-                fprintf(fidTeX,'\\includegraphics[width=%2.2f\\textwidth]{%s_matched_irf_%s%s}\n',figures_textwidth*min(plt/nc,1),[graphDirectoryName filesep fname],exo_names{jexo},int2str(fig));
+                fprintf(fid_TeX,'\\begin{figure}[H]\n');
+                fprintf(fid_TeX,'\\centering \n');
+                fprintf(fid_TeX,'\\includegraphics[width=%2.2f\\textwidth]{%s_matched_irf_%s%s}\n',figures_textwidth*min(plt/nc,1),[graph_directory_name filesep fname],exo_names{jexo},int2str(fig));
                 if relative_irf
-                    fprintf(fidTeX,'\\caption{Relative impulse response functions (orthogonalized shock to $%s$).}', exo_names_tex{jexo});
+                    fprintf(fid_TeX,'\\caption{Relative impulse response functions (orthogonalized shock to $%s$).}', exo_names_tex{jexo});
                 else
-                    fprintf(fidTeX,'\\caption{Impulse response functions (orthogonalized shock to $%s$).}', exo_names_tex{jexo});
+                    fprintf(fid_TeX,'\\caption{Impulse response functions (orthogonalized shock to $%s$).}', exo_names_tex{jexo});
                 end
-                fprintf(fidTeX,'\\label{Fig:IRF:%s:%s}\n', exo_names{jexo},int2str(fig));
-                fprintf(fidTeX,'\\end{figure}\n');
-                fprintf(fidTeX,' \n');
+                fprintf(fid_TeX,'\\label{Fig:MatchedIRF:%s:%s}\n', exo_names{jexo},int2str(fig));
+                fprintf(fid_TeX,'\\end{figure}\n');
+                fprintf(fid_TeX,' \n');
             end
         end
     end