SVAR IRFs with Bootstrapping

[fbal4816]

Hi all, I am trying to create SVAR impulse response functions using Eviews 12 University Edition on Mac. However, I keep recieving the error message “Internal Error 500”. I have documented my process below and workfile is attached. If someone could let me know where I have gone wrong that would be great!

1. Create work file with 12 variables.
2. Quick > Estimate VAR (2 lags, with block exogeneity setting many lags set to 0)
3. Proc > Estimate Structural Factorisation > Restriction Preset: Recursive Short-Run
4. Impulse (1 impulse only, horizon length 12, accumulate responses, Response Standard Errors: Bootstrap Standard Percentile, CI levels 0.68, single bootstrap replications 100, impulse definition decomposition method: Structural Decomposition)

I receive the error message when I press OK on the impulse response dialogue box.

Impulse responses with bootstrapping work when I select Cholesky impulse definition instead of structural decomposition. I can also create impulse responses with structural decomposition using analytical asymptotic and Monte Carlo standard errors, just not bootstrapping.

Any help with this issue would be greatly appreciated.

fbsvar.wf1

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[EViews Matt]

Hello,

As I recall, the ability to generate SVAR impulse responses via bootstrapping was not added until EViews 14. The menu options in EViews 12 are slightly incorrect as they don't excluded that unavailable feature.