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Verified Commit 82572c87 authored by Johannes Pfeifer's avatar Johannes Pfeifer Committed by Sébastien Villemot
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manual: clarify moment_calibration

(cherry picked from commit 259fe492)
parent a7973d7a
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...@@ -11156,7 +11156,10 @@ IRF and moment calibration can be defined in ``irf_calibration`` and ...@@ -11156,7 +11156,10 @@ IRF and moment calibration can be defined in ``irf_calibration`` and
   
When ``(INTEGER:INTEGER)`` is used, the restriction is considered When ``(INTEGER:INTEGER)`` is used, the restriction is considered
to be fulfilled by a logical OR. A list of restrictions must 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* *Example*
   
...@@ -11164,12 +11167,12 @@ IRF and moment calibration can be defined in ``irf_calibration`` and ...@@ -11164,12 +11167,12 @@ IRF and moment calibration can be defined in ``irf_calibration`` and
   
moment_calibration; moment_calibration;
y_obs,y_obs, [0.5, 1.5]; //[unconditional variance] 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 @#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 @#endfor
@#for ilag in -4:4 @#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 @#endfor
end; end;
   
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