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After release #41
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donotdespair committed Jul 23, 2024
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4 changes: 2 additions & 2 deletions DESCRIPTION
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Package: bsvarSIGNs
Type: Package
Title: Bayesian SVARs with Sign, Zero, and Narrative Restrictions
Version: 1.0
Date: 2024-07-19
Version: 1.0.0.9000
Date: 2024-07-23
Authors@R: c(person("Xiaolei", "Wang", , "[email protected]", role = c("aut", "cre"), comment = c(ORCID = "0009-0005-6192-9061")),person("Tomasz", "Woźniak", , "[email protected]", role = c("aut"), comment = c(ORCID = "0000-0003-2212-2378")))
Maintainer: Xiaolei Wang <[email protected]>
Description: Implements state-of-the-art algorithms for the Bayesian analysis of Structural Vector Autoregressions (SVARs) identified by sign, zero, and narrative restrictions. The core model is based on a flexible Vector Autoregression with estimated hyper-parameters of the Minnesota prior and the dummy observation priors as in Giannone, Lenza, Primiceri (2015) <doi:10.1162/REST_a_00483>. The sign restrictions are implemented employing the methods proposed by Rubio-Ramírez, Waggoner & Zha (2010) <doi:10.1111/j.1467-937X.2009.00578.x>, while identification through sign and zero restrictions follows the approach developed by Arias, Rubio-Ramírez, & Waggoner (2018) <doi:10.3982/ECTA14468>. Furthermore, our tool provides algorithms for identification via sign and narrative restrictions, in line with the methods introduced by Antolín-Díaz and Rubio-Ramírez (2018) <doi:10.1257/aer.20161852>. Users can also estimate a model with sign, zero, and narrative restrictions imposed at once. The package facilitates predictive and structural analyses using impulse responses, forecast error variance and historical decompositions, forecasting and conditional forecasting, as well as analyses of structural shocks and fitted values. All this is complemented by colourful plots, user-friendly summary functions, and comprehensive documentation. The 'bsvarSIGNs' package is aligned regarding objects, workflows, and code structure with the R package 'bsvars' by Woźniak (2024) <doi:10.32614/CRAN.package.bsvars>, and they constitute an integrated toolset.
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4 changes: 3 additions & 1 deletion NEWS.md
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# bsvarSIGNs 1.0
# bsvarSIGNs (development version)

The package is under intensive development, and more functionality will be provided soon! To see the package [ROADMAP](https://github.com/bsvars/bsvarSIGNs/milestones) towards the next version.

# bsvarSIGNs 1.0

1. The package includes **cpp** code for estimation and analysis of SVARs identified with sign, zero, and narrative restrictions.
2. The package includes methods for estimation, forecasting, and structural analyses.
3. The package includes data sets to be used to reproduce the empirical results from the original papers referred here,
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