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Re: Ehrmann-Ellison-Valla(2003) Regime-dependent IRF's
Posted: Mon Feb 04, 2019 4:21 pm
by ABDHUT123
if want to see the response of all variable to shocks in logcpi in both regime.....should i modify the onlyshocks like this
@MCGraphIRF(model=MSSysRegModel,onlyshocks=||logcpi,logcpi||,$
shocklabels=||"Regime 1","Regime 2"||,$
varlabels=||"Cap Util","CPI","Oil Price"||,$
footer="Responses to Unit Impact Oil Shock")
Re: Ehrmann-Ellison-Valla(2003) Regime-dependent IRF's
Posted: Tue Feb 05, 2019 9:00 am
by TomDoan
No. The shocks are interleaved between the regimes, so 1 and 2 are the shocks to CUTIL in the two regimes, 3 and 4 are to CPI, and 5 and 6 are to oil prices. So you would want ONLYSHOCKS=||3,4||. How interesting those will be is a separate issue---the model is designed to separate the regimes based upon oil shock variance, so the response to CPI shocks might not be particularly interesting.
Re: Ehrmann-Ellison-Valla(2003) Regime-dependent IRF's
Posted: Sat Feb 15, 2020 8:33 am
by tasnim223
Dear Tom,
I am running Rats 9.2 in Mac. I am trying to running the mcmc type version of the programme. I get the following error ;
## CP18. MSSYSREGRESSION is not the Name of a PROCEDURE. (Did you forget to SOURCE?)
>>>>sysregression(time,<<<<
I also tried running
I have downloaded the mssysregression in the procedures.
I have attached RPF file.
Many thanks
Tasnim
Re: Ehrmann-Ellison-Valla(2003) Regime-dependent IRF's
Posted: Mon Feb 17, 2020 11:42 am
by TomDoan
tasnim223 wrote:Dear Tom,
I am running Rats 9.2 in Mac. I am trying to running the mcmc type version of the programme. I get the following error ;
## CP18. MSSYSREGRESSION is not the Name of a PROCEDURE. (Did you forget to SOURCE?)
>>>>sysregression(time,<<<<
I also tried running
I have downloaded the mssysregression in the procedures.
I have attached RPF file.
Many thanks
Tasnim
You have a problem with the path to the procedures directory. That's in the Procedure Directories box in the "Directories" tab of the preferences:
https://estima.com/ratshelp/preferences ... ctoriesTab
It's possibly pointing to an older location.