Dynare forums

Hello everyone,

I have 2 questions,
1- Is it possible to use a multivariate pdf in the definition of a prior for a parameter, for example a multivariate normal?
2- Can I define a corr between two parameters? are there any way?


I'd really appreciate your answers. Thanks a lot!!!

Hi, the current Dynare version does only allow for independent priors. Joint distributions are unfortunately not possible yet