Hi
I want to run stoch_simul after MCMC and I want to set the parameters of the model to their mean value in the posterior distribution.
What shoud I do after stimation? how I should use Bayesian_irf ?
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bayesian_irf
by mhkarami » Mon Sep 14, 2015 6:47 am
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Re: bayesian_irf
by jpfeifer » Mon Sep 14, 2015 4:41 pm
bayesian_irf will generate mean IRFs. As you want the IRF at the mean, you can simply call stoch_simul after estimation. Dynare will set the parameters to the posterior mean after estimation and running stoch_simul will then generate the IRFs at these parameter values.
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