v0.2.2
New features
-
The estimation of the interim multipliers was corrected. Delay multipliers are
introduced along with the interim and they are now returned as a list with a
data.frame for each variable containing the delay and interim multipliers for
each period. Also, the maximum period for delay and interim multipliers was
raised to 200. -
ardl()
is now a generic function. The default method constructs an ardl
model as it used to. The other method takes an uecm model and converts it into
an ardl. -
recm()
can now estimate models which include 0 lags in the order of a
variable.
Documentation update
- Updated the formulas for the uecm and recm equations making them more precise.
New data
- Added a new dataset, the UK earnings equation data from Natsiopoulos and
Tzeremes (2022). These are the data used to extend the study of Pesaran et al.
(2001).
Bug fix
multipliers()
does not divide the short-run multipliers by the adjustment
factor anymore (correction).
Minor changes
- Added corresponding variable names to ARDL orders.