Vector Autoregression and Error Correction Models

The publication is a part of the consultation series our journal offers to the readers on those econometric methods that are rela-tively new and rarely described in the Russian literature on the subject. Here we are presenting or, to be more exact, describing how to analyze the vector autoregression (VAR) and vector error correction (VEC) models by using the EViews (Version 5) package. We note that the both types of the models have been found useful for and highly appreciated by practicing specialists. For more details one should consult (Verbik, 2006) or (Greene, 2003). <p> The material has been prepared for publication by V. Bannikov. EViews User Manual (Chapter 24) was used in the course of preparation.