Azzini, Ivano; Girardi, Riccardo; Ratto, Marco - Euro-area Economy Modelling Centre, Joint Research Centre - 2007
In the Bayesian estimation of DSGE models with DYNARE (specifically the Matlab Version for Windows), most of the computing time is devoted to the posterior estimation with the Metropolis algorithm. Usually, the Metropolis is run using multiple parallel chains, to allow more careful convergence...
