Models in Betahat
As a demonstration of the ability of Betahat to estimate and simulate multiequation systems we are providing the command and datasets for well known econometric models.
FairModel
We obtained the FairModel from the FairModel site, which has complete documentation for the model. If you have a full version of Betahat (not the demo since it has a restriction on the number of observations) you can re-estimate and simulate this model. The FairModel in Betahat has 27 stochastic equations and 215 identities. We provide the raw data and command file for Betahat to read in the data, perform transformations, specify, estimate and save the equations, specify and save the identities, and simulate the model.
Mark III model from the International Monetary Fund
We obtained the Mark III model from the IMF site, which has complete documentation for the model. The International Monetary Fund is the original source of this material.
If you have a full version of Betahat (not the demo since it has a restriction on the number of observations) you can simulate the Mark III model in Betahat. We provide the Steady State model, the Rational Expectations model, and a demonstration simulating this model in Betahat. File Mark3rn2_Betahat.prg provides the commands for a simulation similar to those at the IMF web site. The sim will provide a shock to the Canadian money supply starting in 2001.
Note, version 5.00 and later of Betahat is required to solve this model.
