View plots of the log posterior around the posterior mode for each DSGE model parameter when it is estimated through the DSGE-VAR using either the marginal posterior or the joint posterior. In the plots of the log posterior around the mode, YADA evaluates the log posterior based on a grid whose parameters are determined on the Optimization frame on the Settings tab. The procedure is based on fixing all the other parameters at the mode, thus providing a plot of the conditional log posterior for the parameter in question; see the check posterior mode function for the DSGE model for additional details.
Additional Information
• | A more detailed description about checking the optimum can also be found in Sections 7.1 and 7.2 of the YADA Manual. |
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