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- Mon Dec 10, 2012 3:35 pm
- Forum: Econometric Discussions
- Topic: Impulse Response
- Replies: 0
- Views: 2006
Impulse Response
Hi, I am having difficulty in interpreting my VECM results. I have 4 non-stationary variables (all have unit roots) that are not co-integrated (Johansens test). So I took the first differences and they are all now co-integrated. Then I ran VECM with 2 lags using the first diff'ed variables. After th...