Forked from
Dynare / dynare
Stéphane Adjemian
authored
This new routine gives the possibility to obtain a description of the prior from the command line. >> prior table will display a table with the prior mean, prior mode, prior std, prior bounds and prior HPD interval. >> prior plot will plot the prior densities. >> prior optimize will trigger the maximization of the prior density and display the results (often, because of BK conditions or other issues, Dynare is even not able to get the prior mode). >> prior moments will display the moments of the endogenous variables at the prior mode. >> prior simulate will run a Monte-Carlo, by sampling from the prior and discarding vector of parameters such that the steady state does not exist or the BK conditions are not met, and return an estimate of the effective prior mass.
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