Hello,
I am estimating a "plain" model with the SVAR package because the native irf()
function returns :
Matrix is not positive definite
(Note: the reason for this error is discussed in another post)
Thus, I am trying the SVAR package, but the "actual" irf estimate is always
above the bootstraped confidence bands. I am using the bias corrected bootstrapping method
(Killian 1989).
I am thinking this must be a problem with my data, not SVAR or gretl? Does that sound
right?
SVAR: 0.997
gretl: 1.9.90
os: win 7 64 bit
Thanks,
Logan