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YADA Version 3.60

 

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Released on 28/03/2014:

The raw posterior draws function on the View menu has been extended to include a plot of the log posterior kernel values for the transformed parameters.
The raw posterior draws function on the View menu-item on the DSGE-VAR menu has likewise been extended to include selecting a plot of the log posterior kernel values for the transformed parameters.
Added a scatter-plot posterior draws function on the View menu-item on the DSGE-VAR menu.
Added the single-chain convergence tools for the sequential posterior mean and median, as well as the sequential acceptance ratio of the random-walk Metropolis sampler on the View menu-item on the DSGE-VAR menu.
Added the multiple chain convergence tool MANOVA on the View menu-item on the DSGE-VAR menu.
Added Laplace posterior densities on the View menu-item on the DSGE-VAR menu.
Added plots of the marginalized or concentrated log-likelihood function on the Tools menu-tem on the DSGE-VAR menu.
Added estimation of the structural shock correlations, including the sample mean and standard deviation, on the Tools menu-tem on the DSGE-VAR menu.
YADA can now compute the effects on the moments (population means, standard deviations and correlations) of the observed variables from a small change in one of the structural parameters of the DSGE model. This functionality is available from the Observed Variable Correlations menu-item on the Tools menu.
The version of the Galí, Smets and Wouters (2012) model presented in Smets, Warne and Wouters (2014) for the euro area has been added. This model essentially extends the Smets and Wouters (2007) model to also include unemployment.
The Del Negro and Schorfheide (2013) variant of the Smets and Wouters (2007) model with financial frictions has been added to YADA.

 

 


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