Michel,
Is there a simple way to sample from a normal prior that is truncated? Or do I need to redefine parameters such that truncation is not necessary? This is not always easy to do.
Eric
Hi Eric,
no, at the moment, there is no way to draw from a truncated normal distribution to do simulation with stoch_simul.
I will add it in version 4.
Best
Michel
Michel,
Thanks. I was also wondering if you planned on adding a particle filter to the next version. It would facilitate the estimation of second-order solutions.
Eric
Yes, but it is a more distant horizon. I know that Jesus Fernandez-Villaverde and Juan Rubio-Ramirez are making progress as it is obvious in their recent paper “Estimating Macroeconomic Models: A likelihood Approach”. It will most likely help us.
Best
Michel