structural Var with long run restriction

Hello, I am looking at CKM codes about BQ. http://users.cla.umn.edu/~erm/data/sr364/bquah/ir.m i could not understand this part in below. What does it tell me exactly? If hours in level, alpha equals to zero. so, all equation is zero. it does not make sense to me.
hrsz(i,1) = (alpha.^[i-1:-1:0])*X2(1:i,2)*100;
sehz(i,:) = (alpha.^[i-1:-1:0])*se2_2(1:i,:)*100;
I would be very appreciated if you could explain that to me. best

Answers (0)

Categories

Asked:

on 27 Jun 2016

Community Treasure Hunt

Find the treasures in MATLAB Central and discover how the community can help you!

Start Hunting!