By default, YADA will not update the belief coefficients when projecting variables forward. This is based on standard behavior of the learning literature, where updating takes place only when the agents have arrived in a new time period. As an alternative, this option makes it possible to consider updating of the belief coefficients using the Kalman filter for the belief coefficients.
Additional Information
• | See the discussion on impulse responses in Section 17.7 of the YADA Manual. |
• | See also the discussion on forecasting in Section 17.8 of the YADA Manual. |
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