shrinkTVP

Efficient Bayesian Inference for Time-Varying Parameter Models with Shrinkage

CRAN Package

Efficient Markov chain Monte Carlo (MCMC) algorithms for fully Bayesian estimation of time-varying parameter models with shrinkage priors, both dynamic and static. Details on the algorithms used are provided in Bitto and Frühwirth-Schnatter (2019) and Cadonna et al. (2020) and Knaus and Frühwirth-Schnatter (2023) . For details on the package, please see Knaus et al. (2021) .


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