leads and lags of variables in Fagan et al. 2013.
Posted: Fri Oct 09, 2015 2:36 amI am trying to replicate Fagan et al.'s (2013) model in Journal of Applied Econometrics.
Because there are lead(s) and lag(s), dynare created the Auxiliary variable(s) automatically. and it reports errors says : There are 9 equations but 10 endogenous variables!
I checked my model over and over again. couldn't see what went wrong. please help!!!
Because there are lead(s) and lag(s), dynare created the Auxiliary variable(s) automatically. and it reports errors says : There are 9 equations but 10 endogenous variables!
I checked my model over and over again. couldn't see what went wrong. please help!!!