Chib, Siddhartha; Ramamurthy, Srikanth - In: Journal of Econometrics 155 (2010) 1, pp. 19-38
In this paper we develop new Markov chain Monte Carlo schemes for the estimation of Bayesian models. One key feature of our method, which we call the tailored randomized block Metropolis-Hastings (TaRB-MH) method, is the random clustering of the parameters at every iteration into an arbitrary...
