View plots of the posterior draws of the DSGE model parameters against their draw numbers or the log posterior kernel values versus their draw number. You can choose between the original and the transformed parameters, while the log posterior kernel values are always computed for the transformed parameters. The horizontal solid black line in the plots for the parameters is the selected posterior mode estimate (possible candidates are DSGE model mode, marginal mode for DSGE-VAR, and joint mode for DSGE-VAR), while the vertical solid black line is the end of the burn-in period.
Additional Information
• | A more detailed description about convergence of the posterior sampler can also be found in Section 9 of the YADA Manual. |
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