function [xparams,lpd,hessian_mat] = ... maximize_prior_density(iparams, prior_shape, prior_hyperparameter_1, prior_hyperparameter_2, prior_inf_bound, prior_sup_bound,DynareOptions,DynareModel,BayesInfo,EstimatedParams,DynareResults) % Maximizes the logged prior density using Chris Sims' optimization routine. % % INPUTS % iparams [double] vector of initial parameters. % prior_shape [integer] vector specifying prior densities shapes. % prior_hyperparameter_1 [double] vector, first hyperparameter. % prior_hyperparameter_2 [double] vector, second hyperparameter. % prior_inf_bound [double] vector, prior's lower bound. % prior_sup_bound [double] vector, prior's upper bound. % % OUTPUTS % xparams [double] vector, prior mode. % lpd [double] scalar, value of the logged prior density at the mode. % hessian_mat [double] matrix, Hessian matrix at the prior mode. % Copyright © 2009-2017 Dynare Team % % This file is part of Dynare. % % Dynare is free software: you can redistribute it and/or modify % it under the terms of the GNU General Public License as published by % the Free Software Foundation, either version 3 of the License, or % (at your option) any later version. % % Dynare is distributed in the hope that it will be useful, % but WITHOUT ANY WARRANTY; without even the implied warranty of % MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the % GNU General Public License for more details. % % You should have received a copy of the GNU General Public License % along with Dynare. If not, see . [xparams, lpd, exitflag, hessian_mat]=dynare_minimize_objective('minus_logged_prior_density', ... iparams, DynareOptions.mode_compute, DynareOptions, [prior_inf_bound, prior_sup_bound], ... BayesInfo.name, BayesInfo, [], ... prior_shape, prior_hyperparameter_1, prior_hyperparameter_2, prior_inf_bound, prior_sup_bound, ... DynareOptions,DynareModel,EstimatedParams,DynareResults); lpd = -lpd;