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In some situations the posterior mode (that will be used to initialize the Metropolis Hastings (MH) and to define the jumping distribution) is hard to obtain with standard (newton like) optimization routines. The user, by specifying mode_compute = 6, can trigger a Monte-Carlo based optimization routine.

DynareWiki: MonteCarloOptimization (last edited 2018-09-26 11:13:49 by StéphaneAdjemian)