Initializing MH algorithm at different parameter values for each chain

Estimation ML/Bayesian estimation
1

Hi,

I am wondering if it possible to specify different initial parameter values for each chain of the metropolis hasting algorithm in Dynare. For example, suppose I know that one of my posteriors is multimodal and I want to start a chain in one region of the parameter space and a different chain in another region. Is this possible?

Thanks,
J.

2

No, that is not easily doable. You would need to adjust posterior_sampler_initialization.m to achieve this.

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