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Log-Likelihood Function

 

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Compute the marginalized or concentrated log-likelihood function of a DSGE-VAR model at initial or marginal/joint/DSGE posterior mode parameter values. The concentrated log-likelihood function is only used for the joint posterior mode estimate. The log-likelihood is plotted both for the incremental and the accumulated values.

 

Additional Information

A more detailed description the computation of the marginalized and the concentrated log-likelihood function can be found in Sections 15.5 and 15.7 of the YADA Manual.

 

 


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