On Fri, 31 Dec 2010, Artur Tarassow wrote: > 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 > > The obtained ECM-term from the restricted model looks weird. Yes, uninitialized rubbish, I'm afraid. The problem was specific to VECMs with restrictions on \alpha. This should now be fixed in CVS (but not yet in snapshots since I'm not able to upload the snapshots at present; that will follow next week). Allin Cottrell _______________________________________________ Gretl-users mailing list Gretl-users(a)lists.wfu.edu http://lists.wfu.edu/mailman/listinfo/gretl-users