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YADA Version 3.40

 

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Released on 21/07/2013:

Scatter-plots of the observed variable and state variable decompositions are now supported.
The Poor man's invertibility condition is only a sufficient condition for the existence of an infinite order VAR representation of the DSGE model. YADA now also checks an additional condition which, when satisfied, implies that the "poor man's condition" is also necessary.
The Fagan, Lothian and McNelis (2013) gold standard model has been added as an example.
Conditional forecasting using the Waggoner and Zha (1999) approach as well as an approach that mixes Waggoner and Zha with direct manipulation of shocks is now supported. Conditioning assumptions can be placed on observed variables and state variables.

 

 


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