Endogenous_prior_restrictions

Dynare help (legacy posts)
1

Hi all,

Does any one know how to use the function endogenous_prior_restrictions? I looked at the manual but I could not find information. I would like to add prior info about the size of the fiscal multipliers.

Andres

2

The

function is not intended for the end users. Rather, it will be called within dsge_likelihood based on the specifications of the

and

moment_calibration;
blocks. The latter are documented in the manual and an example is at github.com/DynareTeam/dynare/blob/master/tests/gsa/ls2003a.mod
The way it works internally is that any parameter draw that is inconsistent with this specification is discarded, i.e. assigned a prior density of 0. Note that you won’t be able to do model_comparison in this case, because the prior density will not integrate to 1.
We will be expanding the documentation, see github.com/DynareTeam/dynare/issues/1318