Problem with BVAR and Metropolis-Hastings

Estimation ML/Bayesian estimation
22

Output is non-stationary in the data. You need to use either a linear trend or growth rates.

P.S.: Estimating models is hard. I spend a whole semester teaching this to my students.

24

Thank you, I am going to try that.

Are you involved in any summer school (one-week) programs? Such as the ones in LSE or Surrey University.

Best regards,

25

I will be involved with the Dynare Summer School in Paris.