NEWS

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sovereign 1.2.1 (2022-01-04)

(2021-12-30)

• Bug fixes
  • removed as.vector() call in solve_b.R
  • change is.na to anyNA in regimes()

sovereign 1.2.0 (2021-07-23)

(2021-07-23)

• Major updates

  • VARs may now be estimated as Proxy-SVARs
  • IRF functions now support
    • Choice of bootstrapping techniques
      • standard residual resampling
      • Wild bootstrapping
    • Choice of structural shocks
      • no structural restrictions,
      • short-term restrictions (via Cholesky decomposition),
      • instrumental variable estimation
      • combination of instrument variable and short-term restrictions
    • Parallel processing for greater computational efficiency in computing bootstrapped confidence intervals

• Minor updates

  • IRF plots use darker blue for CI
  • Analysis function wrappers implemented for IRFs, FEVDs, and HDs
  • Updated model documentation with academic references and corrected minor errors

• Bug fixes

  • plot_irf() plots all targets by default
  • test-threvhold_var.R changed to test-regime_var.R
  • Fixed IRF results format listed in documentation

sovereign 1.1.0 (2021-06-01)

(2021-06-01)

• Major updates

  • Include COVID shock correction a la Lenza and Primiceri (2020)
  • Include historical decomposition of VAR shocks

• Minor updates

  • Create object classes for LP and VAR output
  • n.lag no longer requires a 'date' column
  • Specify structural assumptions in IRFs
  • Clarify model specification of RVAR

• Bug fixes

  • Convert errorCondition() to stop()

sovereign 1.0.0 (2021-04-02)

(2021-04-02)

• Initial release