function [fval, info, exitflag, ~, ~] = minus_logged_prior_density(xparams, Prior, options_, M_, estim_params_, oo_) % Evaluates minus the logged prior density. % % INPUTS % - xparams [double] vector of 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_ % % OUTPUTS % - fval [double] value of minus the logged prior density. % - info [double] 4×1 vector, second entry stores penalty, first entry the error code, last entry a penalty (used for optimization). % 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 . exitflag = true; info = zeros(4,1); %------------------------------------------------------------------------------ % 1. Get the structural parameters & define penalties %------------------------------------------------------------------------------ % Return, with endogenous penalty, if some parameters are smaller than the lower bound of the prior domain. if ~isequal(options_.mode_compute, 1) && any(xparamsPrior.p4) k = find(xparams>Prior.p4); fval = Inf; exitflag = false; info(1) = 42; info(4) = sum((xparams(k)-Prior.p4(k)).^2); return end % Get the diagonal elements of the covariance matrices for the structural innovations (Q) and the measurement error (H). M_ = set_all_parameters(xparams, estim_params_, M_); Q = M_.Sigma_e; H = M_.H; % Test if Q is positive definite. if ~issquare(Q) || estim_params_.ncx || isfield(estim_params_, 'calibrated_covariances') % Try to compute the cholesky decomposition of Q (possible iff Q is positive definite) [Q_is_positive_definite, penalty] = ispd(Q); if ~Q_is_positive_definite % The variance-covariance matrix of the structural innovations is not definite positive. We have to compute the % eigenvalues of this matrix in order to build the endogenous penalty. fval = Inf; exitflag = false; info(1) = 43; info(4) = penalty; return end if isfield(estim_params_, 'calibrated_covariances') correct_flag = check_consistency_covariances(Q); if ~correct_flag penalty = sum(Q(estim_params_.calibrated_covariances.position).^2); fval = Inf; exitflag = false; info(1) = 71; info(4) = penalty; return4 end end end % Test if H is positive definite. if ~issquare(H) || estim_params_.ncn || isfield(estim_params_, 'calibrated_covariances_ME') [H_is_positive_definite, penalty] = ispd(H); if ~H_is_positive_definite % The variance-covariance matrix of the measurement errors is not definite positive. We have to compute the eigenvalues % of this matrix in order to build the endogenous penalty. fval = Inf; exitflag = false; info(1) = 44; info(4) = penalty; return end if isfield(estim_params_, 'calibrated_covariances_ME') correct_flag = check_consistency_covariances(H); if ~correct_flag penalty = sum(H(estim_params_.calibrated_covariances_ME.position).^2); fval = Inf; exitflag = false; info(1) = 72; info(4) = penalty; return end end end %----------------------------- % 2. Check BK and steady state %----------------------------- [~, info] = resol(0, M_, options_, oo_.dr, oo_.steady_state, oo_.exo_steady_state, oo_.exo_det_steady_state); % Return, with endogenous penalty when possible, if dynare_resolve issues an error code (defined in resol). if info(1) if info(1) == 3 || info(1) == 4 || info(1) == 5 || info(1)==6 ||info(1) == 19 ||... info(1) == 20 || info(1) == 21 || info(1) == 23 || info(1) == 26 || ... info(1) == 81 || info(1) == 84 || info(1) == 85 %meaningful second entry of output that can be used fval = Inf; info(4) = info(2); exitflag = false; return else fval = Inf; info(4) = 0.1; exitflag = false; return end end fval = - Prior.density(xparams);