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 _______________________________________________ Gretl-users mailing list Gretl-users(a)lists.wfu.edu http://lists.wfu.edu/mailman/listinfo/gretl-users