impulse response analysis in VAR model
Posted: Wed Sep 04, 2013 2:47 pm
Hi,
Attached is my impulse response of a 5-variable VAR model.OPUS is the oil price,LOGMUS is the log of money supply,LOGRUS is the log of interest rate,IPUS is the industrial production, CPIUSis the CPI,all data is seasonally adjusted. and first-differencing is used. Can anyone tell me why my my oil price rise resulted in an increase in industrial production..
Thanks a lot!
Regards,
Rebecca
Attached is my impulse response of a 5-variable VAR model.OPUS is the oil price,LOGMUS is the log of money supply,LOGRUS is the log of interest rate,IPUS is the industrial production, CPIUSis the CPI,all data is seasonally adjusted. and first-differencing is used. Can anyone tell me why my my oil price rise resulted in an increase in industrial production..
Thanks a lot!
Regards,
Rebecca