Page 1 of 1

short and long run restrictions

Posted: Tue Mar 23, 2010 10:45 am
by asdavies6032
I Need some help,
I want to construct a VAR model using short and long run restictions with 8 variables (real GDP, house price index, housing starts, GDP deflator, commodity price index, federal funds rate, mortgage interest rate, and nonborrowed reserve).My policy variable is the federal funds rate. I am confused as to how to set up the short run and long run restrictions. Any help will be appreciated
Albert

Re: short and long run restrictions

Posted: Tue Mar 23, 2010 3:03 pm
by TomDoan
Is this an economic question or a technical one? If it's the latter, what do you have as your restrictions?

Re: short and long run restrictions

Posted: Sat Apr 03, 2010 10:26 am
by asdavies6032
thanks Tom. i have to figure out the restrictions i want to impose.
albert