Hello gretl community
I've got a problem obtaining the ECM-term from a restricted VECM via the
console.
Consider the following example:
----------------------------------------
open denmark
1 <- vecm 2 1 LRM LRY IBO
ecm = $ec
2 <- restrict --full
b[1]=-1
b[3]=0
a[3]=0
end restrict
ecm_r = $ec
ecm = ecm ~ ecm_r
gnuplot 1 2 --with-lines --time-series --matrix=ecm --output=display
----------------------------------------
The obtained ECM-term from the restricted model looks weird. If one gets
the ECM-term from the restricted model manually and not via the script,
it looks totally different and much more plausible.
I use gretl 1.9.3 cvs (build date 2010-12-22) on ubuntu.
Best wishes and happy new year! ;)
Artur
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