On Markov Chain Monte Carlo Methods for Nonlinear and Non-gaussian State-space Models

نویسندگان

  • John Geweke
  • Hisashi Tanizaki
چکیده

In this paper, a nonlinear and/or non-Gaussian smoother utilizing Markov chain Monte Carlo Methods is proposed, where the measurement and transition equations are specified in any general formulation and the error terms in the state-space model are not necessarily normal. The random draws are directly generated from the smoothing densities. For random number generation, the Metropolis-Hastings algorithm and the Gibbs sampling technique are utilized. The proposed procedure is very simple and easy for programming, compared with the existing nonlinear and non-Gaussian smoothing techniques. Moreover, taking several candidates of the proposal density function, we examine precision of the proposed estimator.

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تاریخ انتشار 1999