gretl version 1.9.12 Current session: 2013-07-09 16:47 ? set echo off periodicity: 4, maxobs: 68 observations range: 1991:1 to 2007:4 Listing 10 variables: 0) const 1) i 2) r 3) infl 4) out_gap 5) d_i 6) d_r 7) d_infl 8) d_out_gap 9) uhat1 VAR system, maximum lag order 8 The asterisks below indicate the best (that is, minimized) values of the respective information criteria, AIC = Akaike criterion, BIC = Schwarz Bayesian criterion and HQC = Hannan-Quinn criterion. lags loglik p(LR) AIC BIC HQC 1 -244.25073 8.957652 9.661902 9.232563 2 -207.78015 0.00000 8.263734 9.531384* 8.758573 3 -180.12610 0.00000 7.868681 9.699731 8.583449 4 -149.16754 0.00000 7.361612 9.756062 8.296308* 5 -128.92686 0.00066 7.217860 10.175710 8.372485 6 -112.67072 0.00857 7.209177 10.730427 8.583730 7 -100.25632 0.07290 7.330723 11.415373 8.925205 8 -72.25874 0.00000 6.924025* 11.572075 8.738436 crit (8 x 5) lag AIC BIC HQC HJC 1.0000 10.113 10.812 10.387 10.599 2.0000 9.9597 11.216 10.451 10.834 3.0000 9.9822 11.797 10.692 11.245 4.0000 9.4481 11.822 10.377 11.099 5.0000 9.3979 12.330 10.545 11.437 6.0000 9.3671 12.858 10.732 11.795 7.0000 9.5299 13.579 11.114 12.346 8.0000 6.9240 11.572 8.7384 10.155 best (1 x 4) bAIC bBIC bHQC bHJC 8 1 8 8