I found out that although cointegration case 3 (unrestricted constant) works well, case 4 (trend restricted to the cointegration space) produces the following error message: Matrices not conformable for operation *** error in function vecm_est, line 87 > matrix mu = olspar[1,] | (jalpha * jbeta[n+1,])'

P.S. Is it possible to change the pink color in IRFs graphs from the SVAR package?

On Mon, 2 Jul 2018, Sven Schreiber wrote: > Am 02.07.2018 um 11:59 schrieb Andreas Zervas: > >> I found out that although cointegration case 3 (unrestricted >> constant) works well, case 4 (trend restricted to the cointegration >> space) produces the following error message: >> >> Matrices not conformable for operation >> *** error in function vecm_est, line 87 >> > matrix mu = olspar[1,] | (jalpha * jbeta[n+1,])' >> > Hm, this looks wrong indeed as a matrix product. Do I guess correctly > that you have a rank higher than 1? If so, then it could be that this > case has never been properly tested. > The same problem would probably also happen for a restricted > constant, could you try that just to check (also with rank > 1)? It would be quite helpful if you could send us a script exposing the problem.