Beveridge-Nelson Decomposition

[EViews Esther]

This thread is about the BN Decomposition add-in that helps you analysis the differences between long run growth (trend) and short run fluctuations around the growth path (cycle).

[SeaWill]

I'm trying to download this add-in but when it opens in Eviews it returns a message "invalid format string specified." This occurs after i click a prompt: See this file for detaile:

help pls.docx

(888.43 KiB) Downloaded 10 times

Greatly appreciate any help with this

[EViews Gareth]

You need to have EViews 7.1 or above to use EViews add-ins.

[SeaWill]

Ok...i will try to manually code the B-N decomp instead.

[EViews Gareth]

Or, you could update to EViews 7.2. It is free, afterall!

[SeaWill]

Thanks much...I upgraded and downloaded the add in

[oly]

Hi,
I'm trying to apply the add-in on a series of log(gdp) with annual data of 41 obs. and with p=1 and q=1. However, no matter what I set the parameters, it always results in error, "error in sample: range error". Also, I'm not sure how to decide on that "parameter value" (s). please help! (Using version 7.2)

Note: I noticed that the program expands the workfile range by the value of the parameter "s" but the sample range is reduced to consist of only one observation. (see attachments)