Bayesian IRF

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Bayesian IRF

Postby viking76 » Fri Apr 27, 2012 7:56 am

Dear Dynare users,

retrieving the posterior IRFs, through the command "oo_.PosteriorIRF.dsge", you can get the mean, median, the variance, the confidence interval for the mean, and the a number of distribution on which they are computed. In particular, by writing "oo_.PosteriorIRF.dsge.Distribution" you can get directly these different IRFs, obtained from different draws of the parameters.
My question is the following: Why are these IRFs always 9? Why not a higher number, which seems to me more appropriate? Thanks

Adrian
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Re: Bayesian IRF

Postby jpfeifer » Tue May 01, 2012 3:14 pm

What do you mean with
Why are these IRFs always 9? Why not a higher number, which seems to me more appropriate?

Also, could you post the mod and data-file?
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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Re: Bayesian IRF

Postby viking76 » Mon May 14, 2012 3:59 pm

Thanks jpfeifer for your reply,

it's not a problem of a specific model. After the estimation, if you write "oo_.PosteriorIRF.dsge.Distribution", you will always get nine series, that I think are nine posterior IRFs obtained by drawing nine times from the posterior distribution. It's a fact that emerges whatever is the model estimated. Thanks for your attention

Adrian
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Joined: Sun Apr 22, 2012 10:16 pm


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