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Closes #1403.

time-shift
Stéphane Adjemian (Charybdis) 2017-03-15 16:51:59 +01:00
parent d0ab90275b
commit 284df20445
1 changed files with 10 additions and 6 deletions
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16
examples/fs2000.mod
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@ -6,22 +6,26 @@
* The data are in file "fsdat_simul.m", and have been artificially generated.
* They are therefore different from the original dataset used by Schorfheide.
*
* The prior distribution follows the one originally specified in Schorfheide's paper.
* Note that the beta prior for rho implies an asymptote and corresponding prior mode
* for rho at 0. It is generally recommended to avoid this extreme type of prior.
* The prior distribution follows the one originally specified in Schorfheide's
* paper, except for parameter rho. In the paper, the elicited beta prior for rho
* implies an asymptote and corresponding prior mode at 0. It is generally
* recommended to avoid this extreme type of prior. Some optimizers, for instance
* mode_compute=12 (Mathworks' particleswarm algorithm) may find a posterior mode
* with rho equal to zero. We lowered the value of the prior standard deviation
* (changing .223 to .100) to remove the asymptote.
*
* The equations are taken from J. Nason and T. Cogley (1994): "Testing the
* implications of long-run neutrality for monetary business cycle models",
* Journal of Applied Econometrics, 9, S37-S70.
* Note that there is an initial minus sign missing in equation (A1), p. S63.
*
* This implementation was written by Michel Juillard. Please note that the
* This impglementation was originally written by Michel Juillard. Please note that the
* following copyright notice only applies to this Dynare implementation of the
* model.
*/
/*
* Copyright (C) 2004-2015 Dynare Team
* Copyright (C) 2004-2017 Dynare Team
*
* This file is part of Dynare.
*
@ -109,7 +113,7 @@ alp, beta_pdf, 0.356, 0.02;
bet, beta_pdf, 0.993, 0.002;
gam, normal_pdf, 0.0085, 0.003;
mst, normal_pdf, 1.0002, 0.007;
rho, beta_pdf, 0.129, 0.223;
rho, beta_pdf, 0.129, 0.100;
psi, beta_pdf, 0.65, 0.05;
del, beta_pdf, 0.01, 0.005;
stderr e_a, inv_gamma_pdf, 0.035449, inf;