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Merge pull request #1020 from JohannesPfeifer/fs2000_prior 

Add disclaimer on prior for rho to fs2000.mod
time-shift
Stéphane Adjemian 2015-08-12 09:37:39 +02:00
parent 7073ddd5a1 c56ad96c86
commit 5af02b9243
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examples/fs2000.mod
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@ -6,6 +6,10 @@
* 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 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.