Hi everyone,
Can dynare generate IRF's considering differents equilibrium values?
For example: The economy is hit by a fiscal shock; s periods ahead Dynare saves the equilibrium. From there, the economy is hit by a new fiscal shock and IRFs are calculate from the equilibrium values in period s.
Regards!
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Can Dynare calculate IRF's from different equilibrums?
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Can Dynare calculate IRF's from different equilibrums?
by matheusrabelo » Mon Dec 19, 2016 7:51 pm
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Re: Can Dynare calculate IRF's from different equilibrums?
by jpfeifer » Wed Dec 21, 2016 7:47 am
What do you mean with
Equilibria in the models Dynare currently solves are locally unique. It seems you want to do a simulation with different shocks hitting at different points in time. You can easily do that using the simult_-function. See https://github.com/JohannesPfeifer/DSGE_mod/blob/master/RBC_news_shock_model/RBC_news_shock_model.mod
different equilibriums?
Equilibria in the models Dynare currently solves are locally unique. It seems you want to do a simulation with different shocks hitting at different points in time. You can easily do that using the simult_-function. See https://github.com/JohannesPfeifer/DSGE_mod/blob/master/RBC_news_shock_model/RBC_news_shock_model.mod
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