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Hi,

I wonder if it makes sense to have VAR stability tested and confirmed all lie in unit circle, and yet still have Johansen cointegration detecting 6 CI equations?

Thanks!

??? Does anyone know the right answer to this? Many thanks!

Hi,

It's a fairly standard question but pls let me know the correct answer asap.

In the Cholesky ordering box (for impulse response), is it true that the first variable that I put into the box will be the variable that should respond to an impulse the fastest?

Thanks!!