The RATS Software Forum

Hi Tom, thanks a lot for the pointer. The reason I want to use the dummy observations is to avoid using the Gibbs sampler. In the examples I have seen, RATs implements the Minnesota prior with the Gibbs sampler, and I would like to understand why that is the case since the Gibbs sampler might not be...

Dear Tom, I am fairly new to RATs. I would like to estimate a VAR model using the dummy implementation of the Minnesota Prior described in "Bayesian Macroeconometrics" Del Negro and Schorfheide (2010): http://economics.sas.upenn.edu/~schorf/papers/bayesian_macro.pdf Schorfheide posted a MA...