Dear all,
is it possible to run Multiple Blocks Metropolis-Hastings Algorithm in dynare? I mean, to estimate some parameters in one block, and the rest in a different block?
Thanks
you mean 2 separate chains for all parameters?
yes, mh_nblocks=2 will do that for you (as an option in the estimation command)
Have a look at the posterior_sampler=tailored_random_block_metropolis_hastings
-option.
Thank you very much professor! I will try that option