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. |
Page url: http://www.texlips.net/yada/help/index.html?prior_densities3.htm