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truncated prior

Posted: Thu Sep 27, 2007 2:54 pm

by wdml

Hi,

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

Many thanks.

Re: truncated prior

Posted: Thu Sep 27, 2007 4:29 pm

by StephaneAdjemian

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.