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Posterior Sampling Results

 

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View summary information about the posterior draws. The results are divided into the following categories:

Sample and data information: The data contains the estimation sample, number of lags, and the names of variables.
Prior information: The data contains the type of prior for the steady state parameters, the parameters on lags, and the covariance matrix. The information also lists the values for the prior hyperparameters.
Posterior draws information: Presents the number of posterior draws, the number of burn-in draws, the number of parameters, and the posterior sampling time.
Marginal likelihood estimation: The full sample estimate of the log marginal likelihood using Chib's (1995) estimator. The numerical standard error of the estimate based on Newey and West (1987) correction for autocorrelation is also given.
Parameters: Point estimates based on the posterior draws are displayed for the three parameters groups: steady state parameters, parameters on lagged endogenous variables, and residual covariance parameters.

 

 


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