NEWS.md

In sovereign: State-Dependent Empirical Analysis

Sovereign: State-Dependent Empirical Analysis

Version 1.2.1

(2021-12-30) - Bug fixes - removed as.vector() call in solve_b.R - change is.na to anyNA in regimes()

Version 1.2.0

(2021-07-23)

• Major updates

  • VARs may now be estimated as Proxy-SVARs
  • IRF functions now support
  • Choice of bootstrapping techniques
    • standard residual resampling
    • Wild bootstrapping
  • Choice of structural shocks
    • no structural restrictions,
    • short-term restrictions (via Cholesky decomposition),
    • instrumental variable estimation
    • combination of instrument variable and short-term restrictions
  • Parallel processing for greater computational efficiency in computing bootstrapped confidence intervals

• Minor updates

• IRF plots use darker blue for CI
• Analysis function wrappers implemented for IRFs, FEVDs, and HDs

• Updated model documentation with academic references and corrected minor errors

• Bug fixes

  • plot_irf() plots all targets by default
  • test-threvhold_var.R changed to test-regime_var.R
  • Fixed IRF results format listed in documentation

Version 1.1.0

(2021-06-01)

• Major updates

  • Include COVID shock correction a la Lenza and Primiceri (2020)
  • Include historical decomposition of VAR shocks

• Minor updates

  • Create object classes for LP and VAR output
  • n.lag no longer requires a 'date' column
  • Specify structural assumptions in IRFs
  • Clarify model specification of RVAR

• Bug fixes

  • Convert errorCondition() to stop()

Version 1.0.0

(2021-04-02)

• Initial release

sovereign documentation built on Jan. 5, 2022, 1:08 a.m.