Hi
I would like to ask how the mh_scale parameters for each one of the structural parameter are fixed in Dynare, and how it is possible to set them manually.
Thanks.
Paolo
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mh_jscale for each parameter
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mh_jscale for each parameter
by p.gelain » Mon Aug 11, 2008 11:16 am
- p.gelain
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by reubenpjacob » Mon Aug 11, 2008 11:36 am
it is in the dynare manual, on how to set them for each parameter.
if i remember correctly, the individual jscale is set after setting the priors on the parameter and follows after a couple of commas. it is quite easy.
if i remember correctly, the individual jscale is set after setting the priors on the parameter and follows after a couple of commas. it is quite easy.
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by reubenpjacob » Tue Aug 12, 2008 8:42 am
i think the general mh jscale value is the default for the 'single' jscales for all parameters. i think mh jscale goes to a diagonal matrix that weights the inverse of the hessian to decide the step size of the mcmc iterations.
reuben
reuben
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