Hi,
I am working on Bayesian estimation. I would like to ask whether it is possible to include after "varobs" not only observed endogenous variables but also observed exogenous variables (e.g. foreign inflation, foreign GDP etc.) for the estimation procedure.
Regards,
Sigitas
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Question regarding varobs
by Sigitas » Mon Mar 05, 2007 11:53 am
- Sigitas
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Re: Question regarding varobs
by StephaneAdjemian » Thu Mar 08, 2007 2:42 pm
Hi Sigitas,
I don't think this is possible... Instead, you may define these foreign variables as endogenous variables and model them, for instance, with a VAR (inside the model block).
Best,
Stéphane.
I don't think this is possible... Instead, you may define these foreign variables as endogenous variables and model them, for instance, with a VAR (inside the model block).
Best,
Stéphane.
Sigitas wrote:Hi,
I am working on Bayesian estimation. I would like to ask whether it is possible to include after "varobs" not only observed endogenous variables but also observed exogenous variables (e.g. foreign inflation, foreign GDP etc.) for the estimation procedure.
Regards,
Sigitas
- StephaneAdjemian
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- Location: Paris, France.
Re: Question regarding varobs
by Sigitas » Fri Mar 09, 2007 11:25 am
OK. Thank you. I will try. The idea with VAR looks promosing.
Good luck,
Sigitas
[quote="StephaneAdjemian"]Hi Sigitas,
I don't think this is possible... Instead, you may define these foreign variables as endogenous variables and model them, for instance, with a VAR (inside the model block).
Best,
Stéphane.
[quote="Sigitas"]Hi,
I am working on Bayesian estimation. I would like to ask whether it is possible to include after "varobs" not only observed endogenous variables but also observed exogenous variables (e.g. foreign inflation, foreign GDP etc.) for the estimation procedure.
Regards,
Sigitas[/quote][/quote]
Good luck,
Sigitas
[quote="StephaneAdjemian"]Hi Sigitas,
I don't think this is possible... Instead, you may define these foreign variables as endogenous variables and model them, for instance, with a VAR (inside the model block).
Best,
Stéphane.
[quote="Sigitas"]Hi,
I am working on Bayesian estimation. I would like to ask whether it is possible to include after "varobs" not only observed endogenous variables but also observed exogenous variables (e.g. foreign inflation, foreign GDP etc.) for the estimation procedure.
Regards,
Sigitas[/quote][/quote]
- Sigitas
- Posts: 20
- Joined: Tue Jun 13, 2006 7:50 am
- Location: Lithuania
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