Dynare forums

Sorry, one other question... I was wondering if there was built in code for the Sims/Zha prior for BVARs. I can see that the Sims Bayesian Var programs are in the Dynare folders, but can't find any reference to a built in Dynare command that uses those files.

I am interested in doing a model comparison along the lines of that in in Juillard,Kamenik,Kumhof and Laxton's Optimal Price Setting and Inflation Inertia paper.

In the sub-folder /doc of your dynare (v4) installation you should find the pdf
bvar-a-la-sims.pdf. All is explained in this document.

Best,
Stéphane.

dhargreaves wrote:Sorry, one other question... I was wondering if there was built in code for the Sims/Zha prior for BVARs. I can see that the Sims Bayesian Var programs are in the Dynare folders, but can't find any reference to a built in Dynare command that uses those files.

I am interested in doing a model comparison along the lines of that in in Juillard,Kamenik,Kumhof and Laxton's Optimal Price Setting and Inflation Inertia paper.

When I try the example in the document,
I found the following error message.
However, I think that no equation is needed in BVAR.


dynare bvar_standalone

??? Error using ==> dynare
Starting Dynare ...
Parsing your model file ...
No equation found in model file

Thank you very much, indeed.

Jiho

Hi,

Where is it possible to find the datafile "test.xls" (and his layout) described in "bvar-a-la-sims.pdf" ?

Thanks,
Alekris.

Looks like you have an older version of the document.

The version which is distributed with the latest version of Dynare uses another datafile. It is found under the "tests/bvar-a-la-sims" subdirectory of the source tarball (look for the source package on the web site).