Fig. 6

Prior and posterior \({\sigma _{h}^{2}}, {\sigma _{g}^{2}}\). Prior distribution (black bars) and posterior distribution (white bars) for the variance in the stochastic volatility equation. a CPI. b WPI. c DEFL. d NGDP
Prior and posterior \({\sigma _{h}^{2}}, {\sigma _{g}^{2}}\). Prior distribution (black bars) and posterior distribution (white bars) for the variance in the stochastic volatility equation. a CPI. b WPI. c DEFL. d NGDP