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Hi, I am currently working on a SVAR model to study the impact of monetary policy on asset prices in China. I have read a paper titled "Inference in Linear Time Series Models with some Unit Roots" by Sims, Stock and Watson, published in Econometrica in 1990. This paper recommend against fi...

Thanks very much startz. =)

Thanks so much.

In fact, I am running a structural VAR model with short-run restrictions.
I generate the impulse response functions by clicking the "structural decomposition" option.

So, there'll be no difference between the responses of a negative shock and a positive shock, right?

Re: startz I'd like to have a negative shock since I identify the money supply shocks through interest rate. A negative shock to interest rate will then imply a positive money supply shock, which will allow me to give a better interpretation to the result, given that my aim is to test whether an ass...

Anyone can help??? I'm actually running a model to study the impact of monetary policy on asset prices. A positive shock on interest rate can only allow me to see the impact of a contractionary monetary policy on asset prices. What I am more interested in looking at is the impact of an expansionary ...

Anyone can help??? I'm actually running a model to study the impact of monetary policy on asset prices. A positive shock on interest rate can only allow me to see the impact of a contractionary monetary policy on asset prices. What I am more interested in looking at is the impact of an expansionary ...

Hi all,

I'm working on a SVAR model with short-run restrictions.
I just want to know whether it is possible for eviews to generate impulse response functions with negative shocks instead of positive shocks?

Thanks!