NEWS

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BGVAR 2.5.8 (2024-09-30)

• update mail adress of maintainer
• fix for hyperparameters of Minnesota prior

BGVAR 2.5.6 (2024-07-03)

• some minor bug fixes (numerical issues when estimating single-VARs)

BGVAR 2.5.5 (2023-12-13)

• fix error on CRAN

BGVAR 2.5.3 (2023-12-08)

• small change in estimation procedure: countries can now have asymmetric effects, i.e., they are important for other countries
• but do have own spillovers (no weakly exogenous variables for particular countries)
• add JSS paper to vignette
• update maintainer information (mail address)
• change 'itemize' to 'describe' in markdown help files.
• irf command returns plotted data in list format.
• fixed a bug in .getweights().

BGVAR 2.5.2 (2022-10-26)

• add JSS publication

BGVAR 2.5.1 (2022-09-02)

• changes plot styles

BGVAR 2.5.0 (2022-05-02)

• bugfix in pesaranData (rowSums did not sum up to one)
• final version for JSS publication

BGVAR 2.4.6 (2022-04-12)

• improved memory usage and garbage collection in irf function

BGVAR 2.4.4 (2022-04-01)

• Implementation of the corrigendum of Carriero, Chan, Clark, and Marcellino (2021, Journal of Econometrics)
• added the horseshoe prior (Makalic and Schmidt, 2015, IEEE Signal Processing Letters)
• better memory usage
• new features:
• plag can now be differently specified for endogenous and weakly exogenous variables
• bugfix in Ex argument in 'bgvar'
• bugfix in summary command
• bugfix with Wex.restr
• bugfix in monthlyData
• bugfix in GFEVD
• bugfix in summary

BGVAR 2.4.2 (2021-11-04)

• bugfix in fevd; added additional check

BGVAR 2.4.1 (2021-11-04)

• bugfix in Rcpp code (occured when using SSVS prior and save.shrink.store=TRUE)
• bugfixes in vignette
• update of monthlyData dataset

BGVAR 2.4.0 (2021-10-06)

• bugfix in plotting fitted values
• per default no save of containers of shrinkage parameter - decreases significantly memory usage
• restructure of example data sets
• change print method of rmse / lps

BGVAR 2.3.1 (2021-09-10)

• small adaptions in help files.
• changed some functions to S3 method
• changed default options of bgvar()
• renaming of functions
• bugfix(es) with external variables

BGVAR 2.3.0 (2021-08-10)

• added reader function for Excel
• updated vignette with own section for reading data from excel

BGVAR 2.2.2

• small fix in BVAR_linear.cpp

BGVAR 2.2.1

• small update to clear errors in CRAN Checks
• added output of 'bgvar' function. Now directly shows the number of stable draws when using the function.
• added a missing reference in vignette

BGVAR 2.2.0 (2021-05-03)

• complete redesign of 'irf' function
• computation of irf now in C++
• makes use of parallel computing via RcppParallel
• additional argument with 'shockinfo'
• two new functions: get_shockinfo() and add_shockinfo() as helper function for designing shockinfo argument in irf computation
• introduction of 'expert' settings to reduce number of arguments in main functions (bgvar and irf)
• conditional predictions now possible within predict function
• synchronization of parameter names with accompanied paper
• minor bug fixes

BGVAR 2.1.4 (2020-11-14)

• updated backends of new 'stochvol' package
• added dataset 'eerDatasmall' to check functionality of package faster
• minor bug fixes

BGVAR 2.1.3 (2020-09-30)

• fixed typo in vignette

BGVAR 2.1.2 (2020-09-14)

• adapted various roxygen articles
• summary output needs now less space
• citations are adapted with Working paper

BGVAR 2.1.1 (2020-09-07)

• changed argument names of 'bgvar' to be more similar to existing Bayesian packages
• 'saves' is now 'draws'
• 'burns' is now 'burnin'
• changed argument name of 'predict' to be more similar to existing Bayesian packages
• 'fhorz' is now 'n.ahead'
• added new class 'bgvar.summary' with print method
• loglikelihood is saved in class 'logLik'
• print methods have now no own helpfile (not necessary)
• deleted some printing to the console and use now consistently cat()
• rename of some functions
• changes related to multithreading
• not dependent on foreach and doparallal any more
• parLapply for Windows platforms
• mclapply for non-Windows platforms
• user can also specify own apply function
• adapted class 'logLik.bgvar' to class 'logLik'
• added 'print' method for classes 'bgvar.hd', 'bgvar.irf', 'bgvar.fevd'
• changed argument of 'nhor' to 'n.ahead' of function irf() and gfevd()

BGVAR 2.0.1 (2020-06-24)

• bug fixes in Rcpp code (wrong overloading of std::pow)

BGVAR 2.0

• added truly exogenous variables to the estimation function
• verbosity option now available for all functions
• user par settings are not affected by BGVAR any more
• First CRAN release version.