SVAR

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learner
Posts: 13
Joined: Sat Jun 27, 2009 7:09 am

SVAR

Postby learner » Thu Dec 29, 2011 9:54 am

Dear All

I am estimating Structural VAR (SVAR), I face the following problems

(1) The upper and lower lines of Confidence Interval are mirror image of each other. They do not move in tandem (when I use VAR, they behave well)
(2) The values of coefficients are .1000 for all coefficients (for A matrix)
(3) Although EViews (version 6) gives results but also gives message Failure to Improve after 1 iteration (see below)

 Structural VAR Estimates
Date: 12/29/11 Time: 14:52
 Sample (adjusted): 1991:3 2009:3
 Included observations: 73 after adjustments
 Estimation method: method of scoring (analytic derivatives)
 Failure to improve after 1 iterations
 Structural VAR is over-identified (3 degrees of freedom)

What could be the reason and possible solution.

Thanks
Learner

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