Re: [Gretl-users] VECM and IRF interpretation
On Mon, 30 Apr 2018, lasses skola wrote:
More specifically, I would like to know what unit the changes in the
IRF
measured in. Is it one standard deviation shock in the independent variable
on the dependent variable, measured in the unit of a standard deviation in
the dependent variable of the independent variable? Yes, I know a VAR/VEC
is a system etc.
Hmm, deja vu! You got a definitive response on just this point eight
months ago:
http://lists.wfu.edu/pipermail/gretl-users/2017-August/012630.html
Allin Cottrell