I am attempting to add a variable to the cointegrating vector, but for it to not feature in the VAR. Can anybody please advise on how this might be done as I have not come across it before.
See 'Financial liberalisation' variable restriction in this Bank of England blog estimation. https://bankunderground.co.uk/a-question-of-interest-is-uk-household-debt-unsustainable-technical-annex/
File attached with Financial lib included in the VAR and VEC restrictions applied. I have also tried adding it as an exogenous variable in the VAR and applying the restriction but Eviews cannot find a way to do this either (as per previous Eviews Blog discussion- Cointegration - exogenous variables)
Thanks for any help
N.B version 9.5
For technical questions regarding estimation of single equations, systems, VARs, Factor analysis and State Space Models in EViews. General econometric questions and advice should go in the Econometric Discussions forum.
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