VECM coefficients

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dpr
Posts: 1
Joined: Mon Aug 26, 2013 11:03 am

VECM coefficients

Postby dpr » Mon Aug 26, 2013 11:10 am

Hi all; I am estimating an VECM but I have a problem with the impulse responses that it generates. The estimation gives me some negative coefficients for different lags therefore the impulse responses oscilates too much in the short run. I need to get a smoother response, is it possible to restrict he coefficients to be positive or cero in my estimation?

Thanks

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