prior_analysis command

[jtsoukalas]

Hi everyone

I was playing around with the prior_analysis command but did not get any output. Is it functioning properly? Does anyone know?

Thanks

John

[StephaneAdjemian]

Hi John,

This function computes theoretical prior moments of the endogenous variables (2nd order moments, variance decomposition and conditional variance decomposition). The output is stored in the global structure oo_ (under the field PriorTheoreticalMoments).

Best,
Stéphane.

[jtsoukalas]

Hi Stephane

I still not get any field PriorTheoreticalMoments in oo_ when I call this command. I am using
prior_analysis(moments_varendo)---plus a list of endogenous variables---without any other options. I am not sure whether we need any other option called (e.g. the xls datafile?) or call the estimation command for this to work. Any ideas?

Best

John

[KarlWalentin]

I share the problem/question with the previous poster:
If I write prior_analysis(moments_varendo)
I get the output: "??? Input argument "M_" is undefined."

Looking at the code for prior_analysis.m and it's subroutines my impression is that this code is outdated and not compatible with with the way options etc are stored in Dynare v 4 (unneccesary arguments seemed to be passed around incorrectly).

Karl

[SébastienVillemot]

Hi,

You're right, the prior_analysis command is currently broken in Dynare 4.1.0. We are going to fix this in Dynare 4.1.1.

Thanks for your report