The RATS Software Forum

The error came from the fact that I defined a variable in the VAR as i, whereas the Monte Carlo loop also used i. After changing the name of the variable it worked perfectly.

Hi Tom,

Thank you for your prompt reply. I will send you the code and data later today.

Regards,
Evan

Hi, I am trying to run the code of the paper by Fratzscher, Juvenal and Sarno called "Asset prices, exchange rates and the current account". It estimates a 7-variable VAR and then runs a Monte Carlo simulation by taking orthogonal decompositions and using sign restrictions. However, the si...