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 * {{{varobs}}} should not be necessary (MS-)SBVAR should assume {{{VAROBS = VAR}}} or {{{options_.varobs = M_.endo_names}}}
 * Restriction on the coefficients of the lagged variables preclude SIMS-Zha prior
 *
 * {{{VAROBS}}} should not be necessary (MS-)SBVAR should assume {{{VAROBS = VAR}}} or {{{options_.varobs = M_.endo_names}}}. When {{{VAROBS}}} is present, the order of variables in {{{VAROBS}}} takes precedence over the order in {{{VAR}}} statement.
 * Restriction on the coefficients of the lagged variables precludes Sims-Zha prior
 

List of problems with current implementation of SBVAR and MS-SBVAR

  • VAROBS should not be necessary (MS-)SBVAR should assume VAROBS = VAR or options_.varobs = M_.endo_names. When VAROBS is present, the order of variables in VAROBS takes precedence over the order in VAR statement.

  • Restriction on the coefficients of the lagged variables precludes Sims-Zha prior

DynareWiki: MSSbvarProblems (last edited 2012-06-04 10:30:31 by MichelJuillard)