Good evening
I would like to know if there is a RATS code for doing impulse-response functions with Smooth Transition (nonlinear) models? I found a close answer in a post from 2009 but I would like to know if there has been anything new from that moment on.
Thank you beforehand.
GIRF for STR models
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Estefaniame
- Posts: 13
- Joined: Wed Apr 12, 2017 11:13 am
Re: GIRF for STR models
Good evening
I tried to run the GIRF procedure stated in:
See viewtopic.php?f=30&t=2650&p=12277
But I am afraid it only works with STAR models, not with STR ones, is it correct? Otherwise, I am not able to see where the error is.
Thank you beforehand.
I tried to run the GIRF procedure stated in:
See viewtopic.php?f=30&t=2650&p=12277
But I am afraid it only works with STAR models, not with STR ones, is it correct? Otherwise, I am not able to see where the error is.
Thank you beforehand.
Re: GIRF for STR models
A STAR model is a self-contained model, therefore you can track the response to shocks. A "STR" model isn't. What does an impulse response even mean in that case?