oo_.mean from 3rd-order approximation?

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oo_.mean from 3rd-order approximation?

Postby leolee » Wed Oct 19, 2016 3:31 pm

The 1st and 2nd order approximation give
Code: Select all
oo_.mean

but 3rd order approximation doesn't. How to get the theoretical mean when I use 3rd order?
leolee
 
Posts: 30
Joined: Thu Mar 19, 2015 9:54 am

Re: oo_.mean from 3rd-order approximation?

Postby jpfeifer » Wed Oct 19, 2016 5:42 pm

Most probably because you are requesting theoretical moments, which are not yet implemented at
Code: Select all
order=3

If you use the
Code: Select all
periods

option, the field will be there.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
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Location: Cologne, Germany

Re: oo_.mean from 3rd-order approximation?

Postby leolee » Wed Oct 19, 2016 6:16 pm

Dear Prof. Pfeifer,

Thank you for the answer.

I add the option "periods" as follows,
Code: Select all
stoch_simul(order = 3, periods=0, nograph, irf=0);       

following the Dynare manual, which says "If different from zero, empirical moments will be computed instead of theoretical moments."

However, I still couldn't find
Code: Select all
oo_.mean
Did I make a mistake using the "periods" option?
leolee
 
Posts: 30
Joined: Thu Mar 19, 2015 9:54 am

Re: oo_.mean from 3rd-order approximation?

Postby jpfeifer » Wed Oct 19, 2016 6:24 pm

Your setting of
Code: Select all
periods=0

is NOT
different from zero
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany

Re: oo_.mean from 3rd-order approximation?

Postby leolee » Wed Oct 19, 2016 6:44 pm

Oh I misread it. Thank you.
leolee
 
Posts: 30
Joined: Thu Mar 19, 2015 9:54 am


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