summary.PosteriorShocks: Provides posterior summary of structural shocks

In bsvars: Bayesian Estimation of Structural Vector Autoregressive Models

Provides posterior summary of structural shocks

Description

Provides posterior summary of the structural shocks including their mean, standard deviations, as well as 5 and 95 percentiles.

Usage

## S3 method for class 'PosteriorShocks'
summary(object, ...)

Arguments

object	an object of class PosteriorShocks obtained using the compute_structural_shocks() function containing draws the posterior distribution of the structural shocks.
...	additional arguments affecting the summary produced.

Value

A list reporting the posterior mean, standard deviations, as well as 5 and 95 percentiles of the structural shocks for each of the equations and periods.

Author(s)

Tomasz Woźniak [e-mail]

See Also

compute_structural_shocks

Examples

# upload data
data(us_fiscal_lsuw)

# specify the model and set seed
set.seed(123)
specification  = specify_bsvar$new(us_fiscal_lsuw)

# run the burn-in
burn_in        = estimate(specification, 10)

# estimate the model
posterior      = estimate(burn_in, 20)

# compute structural shocks
shocks         = compute_structural_shocks(posterior)
shocks_summary = summary(shocks)

# workflow with the pipe |>
############################################################
set.seed(123)
us_fiscal_lsuw |>
  specify_bsvar$new() |>
  estimate(S = 10) |> 
  estimate(S = 20) |> 
  compute_structural_shocks() |>
  summary() -> shocks_summary

bsvars documentation built on Oct. 24, 2024, 5:11 p.m.