Hi! I am Niraj P. Koirala from Gettysburg College. I am trying to study policy impacts on financial variables in pandemics. For that purpose, I am using a GJR-GARC model. I found results as shown in the attached figure. In my result, I can see negative intercepts coefficients on the volatility equation. To the best of my knowledge, intercepts should be positive. Could you give me any suggestion whether I am doing right or not? I would be glad to get your comments on how I can improve it.
Hope to hear from you. Thank you very much.
Sincerely,
Niraj.
Hope to hear from you. Thank you very much.
Sincerely,
Niraj.
