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MALCOLM 2.9 is a menu driven program written in
RATS implementing,
in a coherent environment, Johansen's I(1) maximum likelihood
cointegration analysis, Johansen’s I(2) two steps cointegration
analysis, Structural VAR analysis and univariate unit root
analysis. The effort in MALCOLM is to make the most advanced
features of cointegration as friendly as possible, so that
the applied researcher can focus on the interpretative rather
than technical aspects of the models.
A summary of the main improvements of MALCOLM
2.9 with respect to the previous version is the following:
1. Svar analysis: common trends, historical decomposition
of the cyclical components
2. Policy analysis, simulation and forecasting
3. “Save/load model” function of MALCOLM
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