In the error-correction representation, depvar always appears one period lagged (ADJ). indepvars can be forced to appear in period t-1 for the long-run effects (LR) by specifying the option minlag1.

I agree that this is a bit unfortunate. The reason for this coding was that the optimal lag order could in general be zero for some indepvars. In this case, reformulating the long-run effects for period t-1 requires special treatment that we did not want to implement (so far).

I agree that this is a bit unfortunate. The reason for this coding was that the optimal lag order could in general be zero for some indepvars. In this case, reformulating the long-run effects for period t-1 requires special treatment that we did not want to implement (so far).

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