plot.PosteriorSigma function

Plots structural shocks' conditional standard deviations

Plots of structural shocks' conditional standard deviations including their median and percentiles.

## S3 method for class 'PosteriorSigma'
plot(
  x,
  probability = 0.9,
  shock_names,
  col = "#ff69b4",
  main,
  xlab,
  mar.multi = c(1, 4.6, 0, 2.1),
  oma.multi = c(6, 0, 5, 0),
  ...
)

Arguments

• x: an object of class PosteriorSigma obtained using the compute_conditional_sd() function containing posterior draws of conditional standard deviations of structural shocks.
• probability: a parameter determining the interval to be plotted. The interval stretches from the 0.5 * (1 - probability) to 1 - 0.5 * (1 - probability) percentile of the posterior distribution.
• shock_names: a vector of length N containing names of the structural shocks.
• col: a colour of the plot line and the ribbon
• main: an alternative main title for the plot
• xlab: an alternative x-axis label for the plot
• mar.multi: the default mar argument setting in graphics::par. Modify with care!
• oma.multi: the default oma argument setting in graphics::par. Modify with care!
• ...: additional arguments affecting the summary produced.

Examples

data(us_fiscal_lsuw)                                  # upload data
set.seed(123)                                         # set seed
specification  = specify_bsvar_sv$new(us_fiscal_lsuw) # specify model
burn_in        = estimate(specification, 5)           # run the burn-in
posterior      = estimate(burn_in, 5)                 # estimate the model

# compute structural shocks' conditional standard deviations
sigma          = compute_conditional_sd(posterior)
plot(sigma)                                            # plot conditional sds

# workflow with the pipe |>
############################################################
set.seed(123)
us_fiscal_lsuw |>
  specify_bsvar_sv$new(p = 1) |>
  estimate(S = 5) |> 
  estimate(S = 5) |> 
  compute_conditional_sd() |>
  plot()

See Also

compute_conditional_sd

Author(s)

Tomasz Woźniak wozniak.tom@pm.me