Question regarding varobs
Posted:
Mon Mar 05, 2007 11:53 amby 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
Re: Question regarding varobs
Posted:
Thu Mar 08, 2007 2:42 pmby 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.
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
Re: Question regarding varobs
Posted:
Fri Mar 09, 2007 11:25 amby Sigitas
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]