The RATS Software Forum

Hello! thank you very much for your help. I have one quick question. Could you pl let me know why you have put (2-1) in the revenue multiplier and (1-1) in the expenditure multiplier in the steps below: compute mult1(draw)(m) = %%Impplc(draw)(1+(1-1)*nvar,m)/(%%Impplc(draw)(2+(1-1)*nvar,m)*0.142) co...

Dear RATS user, I like your code which allows one to calculate cumulative responses and the multiplier as in Mountford and Uhlig (2009). When I try to integrate your additional bits into the replication code for MU (made available by Estima under resources), I cannot get these extra codes to run wit...