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Prior Densities

 

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View plots of estimated marginal prior densities for selected groups of the VAR parameters of a DSGE-VAR. YADA generates 10,000 random draws from the prior distribution and estimates the densities with a gaussian kernel from this data.

In addition to the estimated density, YADA will also draw the initial value of the parameter as a solid horizontal black line.

If the model also has a system prior, then YADA can also create plots of bivariate prior densities.

 

Additional Information

A detailed description about prior sampling of the VAR parameters in the DSGE-VAR model can be found in Section 15.3 of the YADA Manual.

 

 

 

 

 


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