Search found 5 matches
- 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...
- 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!
Thank you in advance!
- 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.
I am so desperate, don't know how to solve this problem.
- 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?
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?
- 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...
