## page was renamed from MarkovSwitchingOptions
## page was renamed from SWZOptions
## page was renamed from SWZMarkovSwitching
Table Commands:

|| '''Variable''' |||| '''File''' |||| '''Line number''' |||| '''Option name''' |||| '''Comments''' |||| '''Defaults''' ||
|| q_m |||| msstart_setup.m |||| 11 ||||freq ||||~- quarters or months -~ ||||4 ||
||     |||| msstart_setup.m ||||  |||| coefficients_prior_hyperparameters (mu set automatically, option not used) |||| ~- if freq is not monthly or quarterly, this option must be set -~ ||||  ||
|| yrBin |||| msstart_setup.m |||| 12 ||||initial_year ||||~- beginning of the year-~ |||| ||
|| qmBin |||| msstart_setup.m |||| 13 ||||initial_subperiod |||| ~-beginning of the quarter or month-~ |||| 1 ||
|| yrFin |||| msstart_setup.m |||| 14 ||||final_year |||| ~-final year-~ |||| ||
|| qmFin |||| msstart_setup.m |||| 15 ||||final_subperiod ||||~- final month or quarter-~ |||| ||
|| xdd |||| msstart_setup.m |||| 22 ||||data ||||~- Load data-~ |||| ||
||     |||| msstart_setup.m |||| 36 ||||vlist (vlist set automatically, option not used) |||| |||| ||
||     |||| msstart_setup.m |||| 37 ||||varlist (varlist set automatically, option not used) ||||~- name of variables -~|||| ||
|| nfyr |||| msstart_setup.m |||| 70 ||||forecast ||||~- number of years for forecasting-~ |||| 4 ||
|| indxDummy |||| msstart_setup.m |||| 105 ||||bayesian_prior |||| ~-'''1''': Bayesian prior <<BR>> '''0''': no prior-~ |||| 1 ||
||  |||| in .m files in subfolders ||||  ||||cross_restrictions ||||~- '''1''': cross-A0-and-A+ restrictions <<BR>> '''0''': idfile_const is all we have-~ |||| 0 ||
||  ||||szemldata_a_setup.m||||25||||nstates (not used) ||||~-Number of states-~ ||||2      ||
|| ||||szemldata_a_setup.m||||22||||eq_indices (not used) ||||~-Rows corresponds to equations-~ ||||      ||
|| ||||szemldata_a_setup.m||||26||||indxScaleStates (not used) ||||~- '''0''' (default): no scale adjustment in the prior variance for the number of states so that the prior value is the same as the constant VAR when the parameters in all states are the same.<<BR>> '''1''': allows a scale adjustment, marking the prior variance bigger by the number of states. Wrong choice because it makes the prior looser as the number of states increases.-~  ||||0      ||
|| ||||szemldata_a_setup.m||||30||||alpha (not used)||||~-Alpha value for squared time-varying structural shock lambda.-~ ||||1.0      ||
|| ||||szemldata_a_setup.m||||31||||beta (not used)||||~-Beta value for squared time-varying structural shock lambda.-~ ||||1.0      ||
|| ||||szemldata_a_setup.m||||32||||gsig2_lmd (not used)||||~-Case 4 (no state change across variables (i) and across lags (l); only one scale factor for all lagged variables change from state to state).   Normal prior variance for structural shock lambda, one scale factor for all lagged D+ in a given equation.-~ ||||50^2^      ||
|| ||||szemldata_a_setup.m||||34||||gsig2_lmdm (not used)||||~-Case 3 (no state change across lags (l) but allows all variables for a given lag to switch states). Normal prior variance for different variables in lagged D+.-~ ||||50^2^      ||
|| ||||szemldata_a_setup.m||||36||||q_diag (not used)||||~-Prior mean: 0.95 for monthly data (about 20 months) and 0.85 for quarterly data (about 6.7 quarters). Diagonal q in the transtion matrix and the duration is 1 over (1-q). To allow an absorbing state, we need to have 1 for all off-diagonal elements and x for the diagonal element.-~ ||||0.85      ||
|| ||||szemldata_a_setup.m||||42||||flat_prior (not used)||||~-'''0''': diagonal of transition matrix has some duration <<BR>> '''1''': flat prior where all alpha's are 1.0 in Dirichlet.-~ ||||0      ||
||  |||| msstart2.m ||||  ||||restriction_fname  |||| ~-file for restriction on time variations-~ |||| ||
||  |||| msstart2.m ||||  ||||nlags |||| ~- Prior: number of lags-~ |||| 1 ||
||  |||| msstart2.m ||||  ||||contemp_reduced_form |||| ~-'''1''': contemporaneous recursive reduced form <<BR>> '''0''': restricted (non-recursive) form -~|||| 0 ||
||  |||| msstart2.m ||||  ||||real_pseudo_forecast |||| ~-'''1''': Pseudo forecasts <<BR>> '''0''': real time forecasts-~ |||| 0 ||
||  |||| msstart2.m ||||  ||||dummy_obs |||| ~-Dummy observations -~|||| 0 ||
||  ||||msstart2.m||||  ||||nCsk||||~-conditional directly on shoocks-~||||0||
||  ||||msstart2.m||||  ||||nstd (not used)||||~-number of standard deviations to cover the range in which distributions are put to bins-~||||6||
||  ||||msstart2.m||||  ||||ninv (not used)||||~-the number of bins for grouping, say, impulse responses-~||||1000||
||  ||||msstart2.m||||  ||||Indxcol (not used)||||~-a vector of random columns in which MC draws are made||||size of the number of variables-~||
||  ||||msstart2.m||||  ||||IndxParR (not used)||||~-'''1''': parameters random; <<BR>> '''0''': no randomness in parameters-~||||1||
||  ||||msstart2.m||||  ||||IndxOvR (not used)||||~-'''1''': distributions for other variables of interest; <<BR>> '''0''': no distribution. <<BR>> Example:  joint distribution of a(1) and a(2).  Only for specific purposes-~||||0||
||  ||||msstart2.m||||  ||||Aband (not used)||||~-'''1''': error bands with only A0 and A+ random.-~||||1||
||  ||||msstart2.m||||  ||||IndxAp (not used)||||~-'''1''': generate draws of A+; <<BR>>'''0''': no such draws.<<BR>> Note: when IndxAp=0, there is no effect from the values of IndxImf, IndxFore,or Apband.-~||||1||
||  ||||msstart2.m||||  ||||Apband (not used)||||~-'''1''': error bands for A+; <<BR>> '''0''': no error bands for A+.-~||||1||
||  ||||msstart2.m||||  ||||IndxImf (not used)||||~-Used only if IndxAp=1. <<BR>> '''1''': generate draws of impulse responses; <<BR>> '''0''': no such draws (thus no effect from Imfband)-~||||1||
||  ||||msstart2.m||||  ||||Imfband (not used)||||~-Used only if IndxAp=1.<<BR>> '''1''': error bands for impulse responses; <<BR>>'''0''': no error bands-~||||1||
||  ||||msstart2.m||||  ||||IndxFore (not used)||||~-Used only if IndxAp=1.<<BR>> '''1''': generate draws of forecasts; <<BR>>'''0''': no such draws (thus no effect from Foreband)-~||||0||
||  ||||msstart2.m||||  ||||Foreband (not used)||||~-Used only if IndxAp=1. <<BR>>'''1''': error bands for out-of-sample forecasts; <<BR>>'''0''': no error bands-~||||0||
||indxGforehat||||msstart2.m||||45||||indxGforhat||||~-Used only if IndxAp=1. <<BR>> '''1''': plot unconditoinal forecasts; <<BR>> '''0''': no such plot-~||||1||
||  ||||msstart2.m||||46||||rnum (not used)||||~-Used only if IndxAp=1. Number of rows in the graph-~||||number of variables||
||  ||||msstart2.m||||47||||cnum (not used)||||~-Used only if IndxAp=1. Number of columns in the graph-~||||1||
||indxGimfhat||||msstart2.m||||53||||indxGimfhat||||~-Used only if IndxAp=1. <<BR>> '''1''': plot ML impulse responses; <<BR>>'''0''': no plot-~||||1||
||indxEstima||||msstart2.m||||54||||indxEstima||||~-Used only if IndxAp=1. <<BR>> '''1''': ML estimation; <<BR>> '''0''': no estimation and data only-~||||1||
||indxgDLS||||msstart2.m||||71||||indxgDLS||||~-Hard conditions directly on variables. Used only if IndxAp=1.  <<BR>> '''1''': graph point forecast on variables; <<BR>> '''0''': disable-~||||1||
||  ||||msstart2.m||||74||||nconstr (not used)||||~-Hard conditions directly on variables. <<BR>> q: 4 years -- 4*12 months. <<BR>> When 0, no conditions directly on variables-~||||nconstr1+nconstr2||
||  ||||msstart2.m||||76||||nconstr (not used)||||~-Hard conditions directly on variables. 6*nconstr1-~||||0||
||options.ms.eq_ms||||msstart2.m||||77||||eq_ms (option not used, but assigned)||||~-Hard conditions directly on variables. Location of MS equation; if [], all shocks-~||||||
||  ||||msstart2.m||||78||||PorR (not used)||||~-The variable conditioned.  1: Pcm; 3: FFR; 4: CPI-~||||||
||Cms||||msstart2.m||||87||||Cms||||~-Conditions directly on future shocks. Used only if IndxAp=1. <<BR>> '''1''': condition on ms shocks; <<BR>> '''0''': disable this and "fidcnderr.m" gives unconditional forecasts if nconstr = 0 as well-~||||0||
||nCms||||msstart2.m||||89||||nCms||||~-Conditions directly on future shocks. Used only if IndxAp=1. Number of the stance of policy; 0 if no tightening or loosening-~||||0||
||eq_Cms||||msstart2.m||||90||||eq_Cms||||~-Conditions directly on future shocks. Used only if IndxAp=1. Location of MS shocks-~||||1||
||  ||||msstart2.m||||91||||TLindx (not used)||||~-Conditions directly on future shocks. Used only if IndxAp=1. <<BR>> 1-by-nCms vector;<<BR>> '''1''': tightening; <<BR>> '''0''': loosen-~||||||
||  ||||msstart2.m||||92||||TLnumber (not used)||||~-Conditions directly on future shocks. Used only if IndxAp=1. <<BR>>  1-by-nCms vector; cut-off point for MS shocks-~||||||
||  ||||msstart2.m||||120||||cnum (not used)||||~-Soft conditions on variables. Number of band conditions; when 0, disable this option  <<BR>> Note that each condition corresponds to variable-~||||0||
||banact||||msstart2.m||||122||||banact||||~-Soft conditions on variables. <<BR>> '''1''': use infor on actual; <<BR>>'''0''':  preset without infor on actual-~||||1||
||  ||||sz_prd.m||||  ||||output_file_tag (not used)||||~-tag for output files-~||||test_2v||
||  ||||sz_prd.m||||  ||||create_initialization_file (not used)||||~-1 to create init_<output_file_tag>.dat, <<BR>> 0 otherwise-~||||1||
||  ||||sz_prd.m||||  ||||estimate_msmodel (not used)||||~-1 to perform estimation, <<BR>> 0 otherwise-~||||1||
||  ||||sz_prd.m||||  ||||compute_mdd (not used)||||~-1 to perform estimation, <<BR>> 0 otherwise-~||||1||
||  ||||sz_prd.m||||  ||||compute_probabilities (not used)||||~-1 to compute probabilites, <<BR>> 0 otherwise-~||||1||
||  ||||sz_prd.m||||  ||||print_draws (not used)||||~-1 to Prints draws of the posterior, <<BR>> 0 otherwise-~||||1||
||  ||||sz_prd.m||||  ||||n_draws (not used)||||~-Number of draws from the posterior-~||||1000||
||  ||||sz_prd.m||||  ||||thinning_factor (not used)||||~-Thinning Factor-~||||1||
||  ||||sz_prd.m||||  ||||markov_file (not used)||||~-File should be specified by the user. If not specified, it will use the Sims, Waggoner, and Tao's specification-~||||specification_2v2c.dat||
||  ||||sz_prd.m||||  ||||mhm_file (not used)||||~-File should be specified by the user. If not specified, it will use the Sims, Waggoner, and Tao's specification-~||||MHM_input.dat||
||  ||||sz_prd.m||||  ||||proposal_draws (not used)||||~-Proposal draws for the Markov specification file-~||||100000||
||  ||||generateMHM_input.m||||  |||| draws_nbr_burn_in_1  (not used)|||| ? |||| 30000||
||  ||||generateMHM_input.m||||  |||| draws_nbr_burn_in_2 (not used)|||| ? |||| 10000||
||  ||||generateMHM_input.m||||  |||| draws_nbr_mean_var_estimate (not used)|||| ? |||| 200000||
||  ||||generateMHM_input.m||||  |||| draws_nbr_modified_harmonic_mean (not used)|||| ? |||| 1000000||
||  ||||generateMHM_input.m||||  |||| thinning_factor (not used)|||| ? |||| 1||
||  ||||generateMHM_input.m||||  |||| dirichlet_scale (not used)|||| ? |||| 3||
|| opt1 ||||generateMHM_input.m||||  |||| ?|||| to be hardcoded (maybe not used)|||| 1.0||
|| opt2 ||||generateMHM_input.m||||  |||| ?|||| to be hardcoded (maybe not used) |||| 1.5||
|| opt3 ||||generateMHM_input.m||||  |||| ?|||| to be hardcoded (maybe not used) |||| 2.0||