Search found 5 matches

by res
Sun Apr 15, 2018 11:30 am
Forum: Estimation
Topic: Estimation of Taylor rule with smoothing parameter
Replies: 8
Views: 7591

Re: Estimation of Taylor rule with smoothing parameter

It still does not work. Tried to do the same way as in this pdf http://coin.wne.uw.edu.pl/~lgoczek/pdf/macroeconometrics5.pdf, but no results. The problem only disappears when I remove a constant term c(2) from the regression, but I cannot use such result, I think. Anyway, thank you for your help an...
by res
Sun Apr 15, 2018 11:11 am
Forum: Estimation
Topic: Estimation of Taylor rule with smoothing parameter
Replies: 8
Views: 7591

Re: Estimation of Taylor rule with smoothing parameter

What do you mean by set c=0? How can I do that? Will it impact results?
Thank you in advance!
by res
Sun Apr 15, 2018 10:00 am
Forum: Estimation
Topic: Estimation of Taylor rule with smoothing parameter
Replies: 8
Views: 7591

Re: Estimation of Taylor rule with smoothing parameter

I deleted c from the instrumental list, but it still does not work and I get message singular matrix. Maybe you have other ideas?
I am so desperate, don't know how to solve this problem.
by res
Sun Apr 15, 2018 9:43 am
Forum: Estimation
Topic: Estimation of Taylor rule with smoothing parameter
Replies: 8
Views: 7591

Re: Estimation of Taylor rule with smoothing parameter

Thank you for your reply.
I now understand that I porbably need to do this regression with GMM method, I specified everything, but something is wrong as I get message singular matrix. How can I fix this?
by res
Sun Apr 15, 2018 7:23 am
Forum: Estimation
Topic: Estimation of Taylor rule with smoothing parameter
Replies: 8
Views: 7591

Estimation of Taylor rule with smoothing parameter

Hello, I am interested in the estimation of Taylor rule with interest rate smoothing, like in the attached picture. I have done only simple regressions, but I have never done regression with rho(smoothing parameter). Can anyone suggest how it can be done in EViews? Thank you in advance! https://cont...

Go to advanced search