The RATS Software Forum

You'd have to be more explicit about what you are hoping to get. @MCGRAPHIRF uses styles 1 (by default solid black, for the response) and 2 (by default solid blue, or dots in black and white) for the bounds. You can re-define those if you want. Thanks Tom. In the previous code that I used the graph...

I'm not sure what your plan is with the PAGE=ONE option, but a separate page for each variable means that it makes little sense to have a universal header (which is why you don't see one)---the header would be the same on each page. What's wrong with the colors? They're the usual black with blue (w...

Do the draws with @MCVARDODRAWS . Then the @MCGRAPHIRF procedure can be used to do more specific graphs. (It sounds like you want the ONLYSHOCKS option on that). Thanks Tom for the very useful help. I have managed to modify the code. I am now left with two main issues, please. 1) header and footer ...

Good day!, I am trying to generate the IFRs related to shock to my third variable (debt) on the other variables in particular the first one. I have tried few things but seems to get all other shocks. Any help/advice please? Thanks, ozey system(model=varmodel) variables inf govcons debt gdp rir lags ...

TomDoan wrote:That's one of the things that the PANEL instruction does.

panel(entry=1.0,indiv=-1.0) x / cx

removes the individual means from x to create cx.

Thanks Tom, fully appreciated.
Oz

Hi,
I please need help with demeaning variables, in RATS, before my main estimations.
The idea is to account for fixed-effects (without using the route of the individual dummies).
I have a list of 5 variables.
Thanks.
Oz

You called it DUMMIES, not DUMMY. If DUMMY is supposed to be something other than the full set, you haven't defined it. You also have an issue here (and throughout the program): data(format=prn,nolabels,org=columns) 1970:01 2015:01 g t r p h "T" is a standard name for the time subscript i...

I please need help with fixing an error on this code: I have created a time dummy and country dummy but this seems to e nerate the error message: ## SX11. Identifier DUMMY is Not Recognizable. Incorrect Option Field or Parameter Order? >>>>onstant time dummy<<<< If the name isn't mistyped, it's poss...

If I understand you correctly, you want to replace the graph instruction in the inner loop with compute header="Response of "+varlabels(1,i)+" to "+shocklabels(1,j) graph(row=i,col=j,number=0,min=%minimum,max=%maximum,header=header) 3 (or something like that with the compute hea...

Hi, trying to label each of the individual graphs (ifrs) based on a 3 variables VARS/llp. What I please need is to have a heading for each of the computed graphs. The code is a modified version of the original Jorda (2005) where the results of the VAR have been removed. The code is below: Thanks Oz ...

TomDoan wrote:Change this to graph 3 rather than 4, and delete the # baseirf(i,j) line

graph(row=i,col=j,number=0,min=%minimum,max=%maximum) 4
# baseirf(i,j)
# linprjirf(i,j)
# lower(j) / 3
# upper(j) / 3

Thanks Tom. All working fine now. Much appreciated.
Oz

You have to comment out the SPGRAPH instructions (two lines at the top, one at the bottom): *spgraph(hfields=nshock,vfields=%nvar,xlabels=varlabels,ylabels=shocklabels,$ * footer="Figure 5. Impulse Responses for the New Keynesian Model based on a VAR and Linear Projections") do i=1,%nvar ...

This computes the impulse responses by local projections from Jorda(2005), "Estimation and Inference of Impulse Responses by Local Projections", American Economic Review , 95(1), pp 161-182. This does the New Keynesian model example (3 variable VAR using Cholesky factor shocks). is_exampl...

I'm not sure what: comp j = 16 is supposed to be doing, since it's followed by the DO J. The error is in line 8 of the DO J loop, which is compute lower(j)(i)=frac(1) I'm guessing that the problem comes from having that SMPL 1 NDRAWS instruction. (Is NDRAWS a small number, at least relative to NSTE...

I am geting the following error: ## MAT13. Store into Out-of-Range Matrix or Series Element The Error Occurred At Location 283, Line 8 of loop/block The last error shows that the problem is in the last line below at "end". Any help to solve the problem please? oz ** compute here IRF and ba...