plot_ECT: Plot the Error Correct Term (ECT) response

In tsDyn: Nonlinear Time Series Models with Regime Switching

Plot the Error Correct Term (ECT) response

Description

This plot shows how variables in a (T)VECM respond to deviations from the long-term equilibrium

Usage

plot_ECT(x, add.legend = TRUE, legend.location = "topright", ...)

Arguments

x	object of class VECM or TVECM
add.legend	logical. Whether to add a legend?
legend.location	character. Location of the legend, see legend
...	arguments passed to the initial plot call, see plot

Value

a plot, and invisibly the underlying data.frame, containing the ECT and the response for each variable

Examples

data(zeroyld)
vec_l1 <- VECM(zeroyldMeta[, c("long.run", "short.run")], lag =1)
tvec_l1 <- TVECM(zeroyldMeta[, c("long.run", "short.run")], lag =1, 
                plot  = FALSE, trace = FALSE, th1 = list(exact = -1.263))

plot_ECT(vec_l1)
plot_ECT(tvec_l1, legend.location = "bottomright")

tsDyn documentation built on Feb. 16, 2023, 6:57 p.m.