From 259fe492e8cd6b0358b4926eeb917d3ba76abcb0 Mon Sep 17 00:00:00 2001
From: Johannes Pfeifer <jpfeifer@gmx.de>
Date: Wed, 5 Jan 2022 11:31:17 +0100
Subject: [PATCH] manual: clarify moment_calibration
---
doc/manual/source/the-model-file.rst | 11 +++++++----
1 file changed, 7 insertions(+), 4 deletions(-)
diff --git a/doc/manual/source/the-model-file.rst b/doc/manual/source/the-model-file.rst
index 6c1a320046..677b7ec952 100644
--- a/doc/manual/source/the-model-file.rst
+++ b/doc/manual/source/the-model-file.rst
@@ -11286,7 +11286,10 @@ IRF and moment calibration can be defined in ``irf_calibration`` and
When ``(INTEGER:INTEGER)`` is used, the restriction is considered
to be fulfilled by a logical OR. A list of restrictions must
- always be fulfilled with logical AND.
+ always be fulfilled with logical AND. The moment restrictions generally apply to
+ auto- and cross-correlations between variables. The only exception is a restriction
+ on the unconditional variance of an endogenous variable, specified as shown in
+ the example below.
*Example*
@@ -11294,12 +11297,12 @@ IRF and moment calibration can be defined in ``irf_calibration`` and
moment_calibration;
y_obs,y_obs, [0.5, 1.5]; //[unconditional variance]
- y_obs,y_obs(-(1:4)), +; //[sign restriction for first year acf with logical OR]
+ y_obs,y_obs(-(1:4)), +; //[sign restriction for first year autocorrelation with logical OR]
@#for ilag in -2:2
- y_obs,R_obs(@{ilag}), -; //[-2:2 ccf with logical AND]
+ y_obs,R_obs(@{ilag}), -; //[-2:2 cross correlation with logical AND]
@#endfor
@#for ilag in -4:4
- y_obs,pie_obs(@{ilag}), -; //[-4_4 ccf with logical AND]
+ y_obs,pie_obs(@{ilag}), -; //[-4_4 cross correlation with logical AND]
@#endfor
end;
--
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