Truncated prior

Dynare help (legacy posts)
1

Hi,

Does anyone know if there is some way to apply truncated priors at the boundary of determinacy region?

Many thanks.

2

Hi,

Dynare automatically truncates the prior so that all the draws from the posterior distribution satisfy the B&K conditions.

Best,
Stéphane.

[quote=“wdml”]Hi,

Does anyone know if there is some way to apply truncated priors at the boundary of determinacy region?

Many thanks.[/quote]