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Hello,

I am quite new with the bayesian methodology.
I am estimating the same structural model for the euro area and for the US. If the Log data density is -656.634738 for the US and Log data density is -443.546738 for the euro area, can I conclude that the model fits better the Us economy?


Thank you for helping me..

Best

Hi,

one usually looks at the higher likelihood when doing bayesian model comparison. in that case the EA model fits better

Best