Dear friends,
I estimated VEC of two variables I(1) and cointegtated. After the estimate of VEC I produced the IRF, but it doesn't have confidence interval (CI). I know why it does not have CI because the presence of unit roots. My advisor asked to show the CI. I tried to use the bootstrap command similar to one in VAR & SVAR in stata manual, but they don't work.
Can anyone please help me with the code?
Sincerely
I estimated VEC of two variables I(1) and cointegtated. After the estimate of VEC I produced the IRF, but it doesn't have confidence interval (CI). I know why it does not have CI because the presence of unit roots. My advisor asked to show the CI. I tried to use the bootstrap command similar to one in VAR & SVAR in stata manual, but they don't work.
Can anyone please help me with the code?
Sincerely
