The RATS Software Forum

Hello, I apply a SVAR program of Bjornland, Hidle, Leitemo and Kai (2009). 1- this is a part of the program. Can you tell me if normalization used here is a positive or negative shock ? ***** dec rect lr(5,5) dec rect sr(5,5) * input sr . 0 . . . . . . . 0 . . . . . . . . . 0 0 0 . . . input lr . 0 ...

The shock are always positive, or can they be negatif ?
If this is the case, how to determine it ?
Cordially.

Hello,
Think you Tom for your reactivity, i still need more precision.

1- I omitted the two lines mentioned above. That is why I wonder if this is one standard deviation.
2- You compare bunds to zero or to the reponses line ?
Regards.

Think you Tom for your reply and advices. Finally i applied the method of Bjornland, Hidle, Leitemo and Kai (2009) as you advised me. I have some other questions, espesly about the IRFs. 1-How to judge the significance of the IRFs through confidence intervals and positioning of zero axe. 2- In the m...

Hello, Tom thank you for your reply. I have already used the method of Bjornland and Leitemo, the results are inconclusive, so I want to compare it with that of Gali (1992) in my paper. I eliminated the sr_id (Gali (1992) and I kept both SR and LR for a justidentified estimtion. I have adapted the p...

Dear all, I am estimating a model of monetary policy and I apply the Gali (1992) method (combinaison of short and long run restrictions). I followed the method and I've adapted it to my case by integrating the three matrix and mcgraphirf procedure, but the results of the IRFs are strange and not log...

Dear All, I try to apply the Bjørnland, Hilde C. Leitemo and Kai (2009) method for 5 variables (price, production, monetary policy, budgetary policy, and exchange rates). I applied the code of Bjørnland, Hilde C. Leitemo and Kai (2009) with on short and long restrictions. I generated the IRFs with V...