Parameter

Prior Distribution and Initial Value

s

$s~N^{+}\left(0,{0.05}^2\right)$

${\beta }_m$

${\beta }_m~N\left(1,1\right)$

${\mu }_t$

$u_t~\left(0,{0.0004}^2\right)$

${\sigma }_u^2$

${\sigma }^2~IG\left(1\times {10}^{-12},1\times {10}^{-12}\right)$

$Q_t$

$\Delta p_t$ Symbol