function [xparams, lpd, hessian_mat] = ... maximize_prior_density(iparams, names, options_, M_, Prior, estim_params_, oo_) % Maximizes the logged prior density using Chris Sims' optimization routine. % % INPUTS % - iparams [double] vector of initial parameters. % - Prior [dprior] vector specifying prior densities shapes. % - DynareOptions [struct] Options, AKA options_ % - DynareModel [struct] Model description, AKA M_ % - EstimatedParams [struct] Info about estimated parameters, AKA estimated_params_ % - DynareResults [struct] Results, AKA oo_ % % % 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. % options_ [structure] describing the options % bayestopt_ [structure] describing the priors % M_ [structure] describing the model % estim_params_ [structure] characterizing parameters to be estimated % oo_ [structure] storing the results % % 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 © 2009-2023 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, ... options_.mode_compute, ... options_, ... [Prior.p3, Prior.p4], ... names, ... [], ... [], ... Prior, options_, ... M_, ... estim_params_, ... oo_); lpd = -lpd;