Dynare forums

Hi everybody
I have a small-open-economy RBC model Bayesian estimation. I have 2 policy A and B . How can I compare these 2 model?

If they are estimated on the same data, you can do Bayesian model comparison using the marginal data density.

Thank you for your answer.
but how should I compare using the marginal data density?

jpfeifer wrote:If they are estimated on the same data, you can do Bayesian model comparison using the marginal data density.

Thank you for your answer.
but how should I compare using the marginal data density?

See viewtopic.php?f=1&t=15181

jpfeifer wrote:See viewtopic.php?f=1&t=15181

Thank you for your answer jpfeifer
I red that file and add the code

Code: Select all

model_comparison policyb(0.5) policya(0.5);
 

It worked but it didn't give me any answer about model comparison. what is the problem? how can I fined the answer?