Non-recursive overidentified SVAR

[researcher84]

I'm trying to estimate Non-recursive over identified SVAR model. Can we estimate such model using eviews? if not then which program I should use? any resources on estimating this type of models? Thanks a lot for any feedback. I'm really stuck right now and in need for help.

[trubador]

Yes, you can. See the chapter on "Structural (Identified) VARs" in the manual.

[researcher84]

The thing is once I enter the restrictions in eviews which are short-term restrictions. I get the msg "Hessian matrix is near-singular at final iteration parameter values". Please see the structure for the model I'm trying to estimate here http://postimg.org/image/qyo59tfxv/ Thanks for your help.

[terrya]

For what it's worth, I've had the same trouble with this specification in EViews but I can get output that seems plausible from RATS (using the CVModel).

Of course, I'm applying the model to different data (NZ-based).

[researcher84]

For what it's worth, I've had the same trouble with this specification in EViews but I can get output that seems plausible from RATS (using the CVModel).

Of course, I'm applying the model to different data (NZ-based).

Can you please tell me what is (CVModel), I just bought RATS. Thanks for your reply.

[terrya]

My best advice is to read the manuals and look at the examples supplied with Rats.