The RATS Software Forum

I cannot seem to find @MCGRAPHIRF in the code when searching for it in the original gali_aer.rpf What could be the reason for that? The package also does not include islmvarsetup.src. Is that not for the "How Well Does the IS-LM Model Fit Postwar U.S. Data" Gali (1992) article? I am workin...

Thank you the article is very useful.

Do you know in the Gali model what controls a) the confidence bands (i.e. I would like to set them more conservative)
b) the number of lags in the VAR?


Many thanks

Thank you. Is there also a way to modify the impulse response graphs so that labour (i.e. hours/employment) is also plotted cumulatively similarly to the impulse response of productivity? On a different note, do you probably know what the procedure is to test the stability of the parameters in a VAR?

Hi, Could anyone advise me on which part of the code for the Gali (1999) paper defines the number of periods the impulse response functions plot? I am running the model with a new data series and the unit root test suggests that the series might be stationary in a longer time span and therefore it w...

Hi, I ran the package available at http://ideas.repec.org/c/boc/bocode/rtz00062.html as suggested by TomDoan. It runs fine producing the correct results. However, the impulse response of non-technology shocks on productivity is not right. (Graphs below.) Do you have any idea why this might me be th...

Hi, I ran the package available at http://ideas.repec.org/c/boc/bocode/rtz00062.html as suggested by TomDoan. It runs fine producing the correct results. However, the impulse response of non-technology shocks on productivity is not right. (Graphs below.) Do you have any idea why this might me be the...

Hello,

Has anyone had any experience estimating a Structural VAR like the one in Gali (1999) Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations?

Thank you