![JDEConomics](/img/default-banner.jpg)
- Видео 52
- Просмотров 982 281
JDEConomics
Канада
Добавлен 9 ноя 2020
Hello Everyone! Welcome to my Channel.
My name is Juan! I have a Master of Arts in Business Economics and a Bachelor of Science in Economics.
By subscribing to my channel you will get free access to different content related to economics research. My videos will help you learn EViews, Stata and Latex with Overleaf. Acquire the required skills to conduct different tests, estimate economic models and forecast. Finally, with Latex/Overleaf, you will be able to write your research paper or assignments in a fancy way. Make your paper style look like a published paper! Master your thesis/dissertation, or even your time series/statistics/econometrics courses.
In the video descriptions I will be including paper recommendations, data sources to download data, and many other contents related to Economics and research. Also, a link to buy exclusive guides.
Visit my website for all the tutorials:
www.jdeconomics.com
Visit my store to buy exclusive material:
www.jdeconomicstore.com
My name is Juan! I have a Master of Arts in Business Economics and a Bachelor of Science in Economics.
By subscribing to my channel you will get free access to different content related to economics research. My videos will help you learn EViews, Stata and Latex with Overleaf. Acquire the required skills to conduct different tests, estimate economic models and forecast. Finally, with Latex/Overleaf, you will be able to write your research paper or assignments in a fancy way. Make your paper style look like a published paper! Master your thesis/dissertation, or even your time series/statistics/econometrics courses.
In the video descriptions I will be including paper recommendations, data sources to download data, and many other contents related to Economics and research. Also, a link to buy exclusive guides.
Visit my website for all the tutorials:
www.jdeconomics.com
Visit my store to buy exclusive material:
www.jdeconomicstore.com
Add oil to Dynamic Stochastic General Equilibrium (DSGE) Models
Add oil to Dynamic Stochastic General Equilibrium (DSGE) Models
In this video, I teach you how to add oil to DSGE models. To do this, we will expand the simple real business cycle (RBC) model that we set up in previous tutorials.
The model is straightforward: we add oil as an input in the production function of firms. Now, firms demand capital, labor, and oil to produce output. From the maximization problem, we derive the oil price.
For simplicity, we use an exogenous oil supply, but I explain in more detail the difference between endogenous and exogenous oil supply.
Finally, in the model, we define oil supply and oil demand shocks. We can see how, when the productivity of firms increases, th...
In this video, I teach you how to add oil to DSGE models. To do this, we will expand the simple real business cycle (RBC) model that we set up in previous tutorials.
The model is straightforward: we add oil as an input in the production function of firms. Now, firms demand capital, labor, and oil to produce output. From the maximization problem, we derive the oil price.
For simplicity, we use an exogenous oil supply, but I explain in more detail the difference between endogenous and exogenous oil supply.
Finally, in the model, we define oil supply and oil demand shocks. We can see how, when the productivity of firms increases, th...
Просмотров: 428
Видео
Download and Install R and R Studio in Simple Steps
Просмотров 351Месяц назад
Download and Install R and R Studio in Quick and Simple Steps! In this video I show you How to Install R and RStudio on Windows: Step-by-Step! Link to download R: cran.rstudio.com/ Link to download R Studio: posit.co/download/rstudio-desktop/ Else you can access both easility at: www.jdeconomics.com/r-course/download-r About R and RStudio R is a programming language and software environment spe...
Confidence Bands in Stata Tutorial
Просмотров 2082 месяца назад
Confidence Bands in Stata Tutorial. In this short video I show you how you can shade the area of your forecast confidence bands. In the original Stata tutorial, we had forecasted Brent cude oil prices using a simple AR Model. Then we calculated and added the forecast confidence bands. In that example, the bands were not shaded. Instead t was a plain dash line. Some users have asked me how to sh...
How to calculate the Inflation rate using the CPI series
Просмотров 8953 месяца назад
How to calculate the Inflation rate using the CPI series in Stata In this hands-on tutorial in Stata, I teach you how to calculate the 12-month inflation rate change and the 1-month inflation rate change using the Consumer Price Index (CPI) for the USA. I also teach you how to plot the two series together and make it look professional. In the tutorial, I cover the commands to generate lagged va...
Three Equations New Keynesian DSGE Model
Просмотров 3,1 тыс.6 месяцев назад
Three Equations New Keynesian DSGE Model In this session, we'll break down the fundamental equations of the New Keynesian DSGE model in simple terms. Link to buy PART 2: jdeconomicstore.com/b/nk-dsge-model The New Keynesian DSGE model revolves around three main equations that help us understand how the economy works: Output Gap Equation: This equation shows how the difference between actual and...
Time Series Analysis in Stata - AR Forecast
Просмотров 6 тыс.8 месяцев назад
Time Series Analisys in Stata - AR Forecast Produce a time series forecast in STATA using an autoregressive (AR) model. In this time series analysis in stata video tutorial, you will learn how to produce an AR forecast using STATA''s built in forecasting tool. Learn how to Estimate and forecast Crude oil Prices! As an example, we will use Brent Crude oil prices series. The series is transformed...
Create and Edit Economics Graphs in Stata
Просмотров 2,8 тыс.9 месяцев назад
Create and Edit Economics Graphs in Stata In this tutorial, I will teach you how to create and edit economics graphs in Stata. Creating graphs in Stata is not too complicated; however, it is key to understand what to include in an economics graph. Professionally editing economics graphs is crucial to presenting your data to the public and effectively making your points. In this Stata graphs vid...
Multicollinearity in Linear Regression - EViews
Просмотров 3 тыс.11 месяцев назад
Welcome to our in-depth tutorial on Multicollinearity in Linear Regression using EViews! 📊 In this video, we'll dive into the world of multicollinearity, a common issue that can affect the accuracy of your linear regression models. Whether you're a beginner or an experienced data analyst, this tutorial will provide you with valuable insights and practical tips on dealing with multicollinearity ...
Time Series Analysis Stationarity in Python
Просмотров 2,7 тыс.Год назад
📊 Time Series Analysis Stationarity in Python - Tutorial Learn how to test if your series is stationary and in case it is not stationary, I will show you have to transform you non stationary series into stationary. Welcome to a new tutorial on JDEConomics! In this video, we dive into the critical topic of stationarity in time series analysis using Python. If you're new here, make sure to subscr...
Test for Unit Roots on Multiple Time Series at Once EViews
Просмотров 6 тыс.Год назад
Test for Unit Roots on Multiple Time Series at Once in EViews In this tutorial, we'll explore how to conduct a unit root test on multiple time series at once in EViews, a popular econometric software package. Many people often wonder how to automate the process of running an ADF or Phillips Perron unit root test on multiple variables when working with a model that involves several variables. In...
VAR Model Example in STATA
Просмотров 11 тыс.Год назад
VAR Model Example in STATA. Time Series VAR Tutorial: Stata. VAR Forecast Tutorial Example. VAR model Stata tutorial. Learn how to produce out of sample forecasts and add confidence bands in a vector autoregression (VAR) model in Stata. Discover how to produce accurate out-of-sample forecasts with confidence bands using VAR models in Stata. This comprehensive tutorial uses the example of analyz...
Beginners Course: Intro to DSGE models in Dynare-Matlab
Просмотров 6 тыс.Год назад
Are you a beginner to DSGE models and Dynare-Matlab, but want to get started quickly? In this video, we will introduce the basics of DSGE modeling and provide an easy-to-follow course on how to set up and run a model in Matlab using Dynare. I will explain the steps needed to estimate parameters and solve the model as well as demonstrate some useful tips for successful implementation. 👉Link to B...
Add notes under table - Latex tutorial
Просмотров 6 тыс.2 года назад
Are you looking to add notes to tables or graphs in Latex? Look no further! This tutorial provides a simple and easy method to add notes to your tables using Latex with Overleaf. By using the "\begin{minipage}{length}" command, you can create a small box under the table where you can insert your notes. With the "\small" command, you can adjust the font size of your text, and with the "\vspace{0...
Intro to Data Analysis Visualization with Python, Matplotlib and Pandas
Просмотров 5 тыс.2 года назад
Intro to Data Analysis Visualization with Python, Matplotlib and Pandas: 📊 Introduction and Overview: Time series and forecasting in Python, covering importing data, plotting, formatting graphs, and exporting images using Jupyter Notebook, Pandas, and Matplotlib. 📊 Importing Data: Learn how to import an Excel dataset using Pandas, specifying the file path and setting the first column as the ind...
Install Anaconda Python Jupyter Notebook
Просмотров 7942 года назад
Install Anaconda Python Jupyter Notebook
DSGE Models in Stata (8): Forecast Tutorial
Просмотров 4,2 тыс.2 года назад
DSGE Models in Stata (8): Forecast Tutorial
Hodrick-Prescott (hp) filter: EViews tutorial
Просмотров 14 тыс.2 года назад
Hodrick-Prescott (hp) filter: EViews tutorial
DSGE Models (7) - Steady State and Impulse Response Functions
Просмотров 7 тыс.2 года назад
DSGE Models (7) - Steady State and Impulse Response Functions
Data filtering and Calibration Stata tutorial
Просмотров 10 тыс.2 года назад
Data filtering and Calibration Stata tutorial
Real Business Cycle Model: Competitive Equilibrium
Просмотров 4,8 тыс.2 года назад
Real Business Cycle Model: Competitive Equilibrium
Real Business Cycle Model: Firms Problem
Просмотров 5 тыс.2 года назад
Real Business Cycle Model: Firms Problem
Real Business Cycle Model: Household's Problem
Просмотров 10 тыс.2 года назад
Real Business Cycle Model: Household's Problem
Learn Real Business Cycle model - Macroeconomics
Просмотров 24 тыс.2 года назад
Learn Real Business Cycle model - Macroeconomics
ARIMA model forecast with confidence interval in EViews
Просмотров 10 тыс.2 года назад
ARIMA model forecast with confidence interval in EViews
Cointegration and Error Correction Model in Stata
Просмотров 39 тыс.2 года назад
Cointegration and Error Correction Model in Stata
How to estimate arch model - eviews tutorial complete
Просмотров 36 тыс.3 года назад
How to estimate arch model - eviews tutorial complete
Easiest way to make tables in latex - shortcut
Просмотров 19 тыс.3 года назад
Easiest way to make tables in latex - shortcut
Thank you for your insightful videos. May I know if these three equations of the New Keynesian model should be added to the ones under the RBC model? Thanks
No. They are different models.
Do we need to include all lags, for e.g. with MA(3), do we need to include MA(1) and MA(2) too?
Just MA(3). Cheers
How can I become a member, please?
Hi! That’s the link! Thanks ruclips.net/channel/UC5P21WGFO4WRUlAiGLcwymgjoin You want to get the “more video examples” membership if you want access to members videos. If you just want to support the channel, you can get the basic membership.
Why my number cant be actual number but form 5 to 30 in fc(?) too far
Im not sure I understand your question. Sorry about that!
Thanks sir, but how to add oil shocks in New Keynesian DSGE model?
I will teach it eventually but in a paid course. I won’t publish it here. Regards
👉Become a member: ruclips.net/channel/UC5P21WGFO4WRUlAiGLcwymgjoin 👉 Download the Dataset for Free at: jdeconomicstore.com/b/rbc-model-with-oil
thank you for this tutorial.
You are welcome!
Thanks for thé tutorial. Please can you chare with us thé data?
Good point! Will do
👉Download the Dataset for Free at: jdeconomicstore.com/b/rbc-model-with-oil
Is it not necessary to check the stationarity of variables in var
Hi. Variables should be stationary. In this tutorial I just replicate the paper from Stock and Watson for instructional purposes. Cheers
Excellent revision video. Only thing I'd say, we cannot see a productivity shock until analyse the actual data
Thanks!
One of the best and educative video I watch ❤
The three equation NK DSGE model has two major drawbacks. There is no money and banking included in it. The model failed to predict the inflation that was inevitable when Central Banks decided to pump massive stimulus into the economy. As someone who holds a Masters in economics i do find these videos excellent for revision.
Great to hear! I hope you are liking the videos. Regards
Thank you so much for this video, i have a question, what is one supposed to ddo when the VAR is not stable, because that is the point where i am really stuck
Variables may not be stationary. Check that out
The only thing that ultimately drives business cycles is money. The higher the growth of money enables economic activity to happen. Therefore national income adjusts to the amount of money people hold
Hello! Indeed, there is a high correlation between the money in circulation and economic cycles. However, it is difficult to attribute causality to money. If the solution to economic problems is to print money, then we shouldn’t have to work. It would be easier for the government to just give us a money-printing machine and be done with it. At the end of the day, it’s not the amount of money that matters, but the quantity of goods. Wealth is not measured by money; it is measured by the amount of goods. According to RBC models, what generates the wealth boom is technological advancement (which is exogenous). Let’s think of it today as artificial intelligence. It has come to revolutionize production processes and wealth generation. This can imply that the economy demands more money and expands the cycle. Best regards!
@@JDEconomics Money is the economies fuel. without it no transactions take place. Suggest watching Steve Hankie's videos. The issue of causality is due to the lags between changes in money growth and it feeding through, firstly to asset prices, then production and then on inflation. Advantage of productivity improvements means that the economy can be more efficient and grow more quickly. Major drawback with the RBC model, like with the NK 3 Equation model and DSGE models is that they do not include money and the banking system. As many prominent monetarists, some of whom i know, correctly predicted the high inflation we had post covid while the models used by Central Banks were useless!!!!
@@alunevans2377 Many banks have already given up their DSGE models post covid, since as you mentioned, were useless, Cheers
This is a master class. I am looking forward to you doing a video on the ARDL. Am sure it will be superb like the rest of your videos
Many thanks! Will do! Please subscribe to the channel! Best, JD
@@JDEconomics I am a subscriber already. Thanks for your content
Thank you for your video. I have a question. I read studies used firstly ARDL then used VAR or VECM. When do we use firstly ARDl then VAR orVECM?
Depends. ARDL allows for different lags, while VEC is used for cointegrated variables. VAR is for models where all the dependent variables have lags of the same order. I hope that helps. Regards
Thank you for your response.
Excellent. The simplest way defenitively. Just suggest to use: \begin{minipage}{\textwidth} to avoid to specify the size of the table.
Great suggestion! Warm regards, JD
My data start at 2022, but when i comand for daily its start form 1960, is there any solution?
Hey! Did you download the free do file?
Excellent work. For me very helpful in learning and understanding the concept with practical example.
Glad it was helpful!
great tutorial. thanks so much. God bless you.
You are so welcome!
Greetings can you please do year on year changes using quarterly data
Thank you so much. Can you give us please the link or the website where you take your Data, for exemple the gap of Brazil and Argentina in your previous video ? Thank you :)
Most of the data is FRED! Cheers
A request to have a seperate vidoe on explain how to use the SVAR option menu for the Identification. A*, B*, S and F matrix
Sounds good! Feel free to subscribe to my channel!
@@JDEconomics I have subscribed already 😂😂😂. I always come back here.
Thank you
Hello. I would like to buy the evews work file but the link is broken
jdeconomicstore.com All my files are there! Thanks
How do you create time series variables with minute interval. I tried using tc() but does not work ???
does not work for me. when I type the same gen command the variables are created with no values inside
I had observation set at 0 sorry
Great you figured it out! Good job
Great!
Hey Juan, i am master student in Economics and your videos are of high quality and really help to understand the NK-framework! Thank you!
Great to hear! Please feel free to share my channel with your network so I can keep expanding. You can consider getting the NK material I got for sale too. Best regards! Thanks for your message and good luck!
thanks a lot , it is very clear and easy to apply
You are most welcome
there is no any wasted second in the video. just the facts and short video. hats off.
Thanks! Feel free to subscribe to the channel and share it with others. Best, JD
Please start working on octave
Hi! Thanks for your feedback
Invaluable video! Thanks!
Thanks! Please share it with your network. Many thanks!
How can we get the predicted values?
Very very Helpful.. Thanks a ton!
Glad it was helpful!l
Amazing tutorial JD!!!
Glad you enjoyed it
Hi, thanks for sharing. When I try to estimate the rho, I have this error “=expo not allow”. Will it be because I have more shocks?
Hey, I’m not sure about that error message. Sorry about that
Hi, thanks for sharing. How can we write the equation if we have to periods forward instead of one?
The GARCH approach helps to model parsimonious volatility effects compared to the ARCH approach. This is beautiful.
Thanks! Please feel free to subscribe to my channel and share it with your close ones. Best, JD
Thanks for sharing this. May I please know what version of EViews you used in this video?
Eviews 13
@@JDEconomics Is the Add ins feature also available on older versions of EViews?
@@brianogbogu6590I would think so. You can check in the add ins
Sigo tu canal desde hace 1 año. Muy prolijas e intuitivas exposiciones. Ojalá algún día hagas un video sobre Modelos de espacio de estado y filtro de Kalman. Saludos
Gracias! Y desde luego.. lo agrego al listado. Hay algunos tópicos que no los sé. Los tengo que revisar y luego probar en el software. Por eso es que algunos temas que piden aún no los he resuelto
Great and well educating video 👍 Please, what should I do when my Engle and Granger and P. Oularis cointegration P-values are greater than 0.05 level of significance?!
Never find such a useful video on RUclips. Thank You Sir keep it up.
Thanks. Please share it with your network and feel free to subscribe to the channel. Regards.
I need a good video for ARDL models and System GMM. Ill be grateful.
Dear Sir, I tried to replicate the results of Stock and Watson (2001, JEP) using quarterly data from 1960:q1 to 2023:q4, but I found that while inflation and unemployment rates are stationary, but the Federal funds rate is non-stationary. Is it okay to for them to simply use the original series of the Federal funds rate to construct the VAR model?
Hi,whenever i am trying to do the forecast in stata i am getting r(198) everytime even though i have set the time variable "fcast compute fc,step(10) the time variable may not be missing r(198); can you please help ?
The link to download the free dataset doesn't work...
Thanks. I’ll fix it today. Regards
@@JDEconomics That'd be great, thanks for the quick reply! Your explanation is great and I'd love to replicate the results on my eviews. At the moment, Google drive says that I'm not authorised to access the file
For unit root test, how should i know whether to use intercept or intercept & trend option? One of my variables shows non-stationary at first difference in intercept but stationary when I choose intercept & trend.
Hi. Including an intercept means that the series is stationary around a non zero mean. Trend and intercept means its stationary around a trend. In that case you still got to detrend the series using first differences or modelling the trend. Regards
Hi Juan! I just want to know how I could resolve the model with the Uhlig's toolkit. Could you help me with that please?