Koop, Gary (contributor); Potter, Simon M. (contributor) - 2007
and prediction are available. In this paper, we apply Bayesian methods using a Markov
Chain Monte Carlo (MCMC) algorithm … Random Walk Chain
Metropolis-Hastings algorithms (see, e.g., Chib and Greenberg, 1995). To be precise, if
p( ) is the prior … Normal, and the prior, p( ). In our empirical work, we use a
Normal prior and thus N ;V .
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The Random Walk Chain …