Faust Leeper JBES 1997 BQ factorizations
Posted: Wed Mar 30, 2011 9:52 amThese are replication files for Faust and Leeper(1997), "When Do Long-Run Identifying Restrictions Give Reliable Results", JBES, vol 15, no 3, pp 345-353. This demonstrates use of the Blanchard-Quah factorization, and the procedures MCGraphIRF, MCFEVDTable and StructResids.
Y-U model (Blanchard-Quah's original model)
Y-P model
Comparison of residuals from Y-U and Y-P models
Data file
Y-U model (Blanchard-Quah's original model)
yuquarterly.prg- (1.19 KiB) Downloaded 116 times
Y-P model
- ypquarterly.prg
- (1.15 KiB) Downloaded 94 times
Comparison of residuals from Y-U and Y-P models
- yuypcompare.prg
- (2.17 KiB) Downloaded 106 times
Data file
- FaustLeeper.rat
- (5.5 KiB) Downloaded 92 times