Run the joint posterior mode estimation routine for the DSGE-VAR model. This routine maximizes on the joint posterior of the VAR and DSGE model parameters.
The estimation routine can be performed for a selection of the hyperparameter λ that determines the weight on the prior for the DSGE-VAR model. The user can choose to skip estimating those selected λ values for which posterior mode results already exist on disk.
Additional Information
• | A detailed description about posterior mode estimation in the DSGE-VAR model can be found in Section 15.7 of the YADA Manual. |
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