by sevgim » Wed Dec 23, 2015 1:58 am
Dear Johannes,
Thank you very much for your reply. I looked at the codes that you suggest by following the Hansen's article. I built the model and it worked. I found st. dev. and corr. of them with output. I could not understand why the standard deviation of c/y , w/y, y_h/y are the same. I feel that I did a mistake somewhere in the model. Could you please look at my codes and tell me whether i made a mistake somewhere? or these results are okay.
Best,
Table 1 - Moments
sigma(y) 6.89
sigma(c)/sigma(y) 0.49
sigma(h)/sigma(y) 1.38
sigma(i)/sigma(y) 7.74
sigma(w)/sigma(y) 0.49
sigma(y_h)/sigma(y) 0.49
rho(y) 0.07
rho(y,c) -0.66
rho(y,h) 0.97
rho(y,i) 0.97
rho(y,w) -0.66
rho(y,y_h) -0.66
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- model.mod
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