truncated prior

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truncated prior

Postby wdml » Thu Sep 27, 2007 2:54 pm

Hi,

Does anyone know if there is some way to apply truncated priors at the boundary of determinacy region?

Many thanks.
wdml
 
Posts: 5
Joined: Tue Apr 17, 2007 3:56 pm

Re: truncated prior

Postby StephaneAdjemian » Thu Sep 27, 2007 4:29 pm

Hi,

Dynare automatically truncates the prior so that all the draws from the posterior distribution satisfy the B&K conditions.

Best,
Stéphane.

wdml wrote:Hi,

Does anyone know if there is some way to apply truncated priors at the boundary of determinacy region?

Many thanks.
StephaneAdjemian
 
Posts: 429
Joined: Wed Jan 05, 2005 4:24 pm
Location: Paris, France.


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