I would be very grateful for some help on the following as I have struggled to find something relevant on the forum. I have estimated a model using Bayesian methods.
I am working on calculating the weights in the policy maker’s loss function (call them lambdas) that I solve numerical given the parameter estimates but they are not directly estimated.
Given the posterior means I have calculated the lambdas but now I would like to calculate their distributions. Do I have to write a separate file so to carry out posterior simulation or can I use a mod file to do this? I noticed that a standard .mod file with an ‘estimated_params’ block followed by stoch_simul runs successfully, without the use of ‘estimation’ so I thought there may be a straightforward way of proceeding.