[DynareDev] set_prior.m

Could someone have a look at the lines for setting the priors for correlation in set_prior.m (occurring in at least two places):

ub = [ub; max(min(estim_params_.corrx(:,5),1),-1)];

lb = [lb; max(min(estim_params_.corrx(:,4),1),-1)];

In case estim_params_.corrx(:,4) is NaN, the lower bound defaults to +1 instead of -1. My conjecture is it should be

lb = [lb; max(min(estim_params_.corrx(:,4),-1),-1)];

--

Johannes Pfeifer

Haußerstr. 29

72076 Tübingen

Tel.: +49-(0)7071-6396184

Mobil.: +49-(0)170-6936820

Germany