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- Thu Aug 01, 2019 12:28 pm
- Forum: Add-in Support
- Topic: Sign Restricted VAR
- Replies: 41
- Views: 259829
Re: Sign Restricted VAR
No. You cannot interpret like that. First define the shock by the sign restriction, then interpret impulse response function of Y and X as the effect of that shock. That makes perfect sense. Thanks for the clarification, it is all clear now. I am sorry if I’m also being silly, but I have the same q...