Coefficients in the policy and transition functions

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Coefficients in the policy and transition functions

Postby Lara » Fri Mar 17, 2017 10:45 am

Dear Dynare developers,
I am looking for the coefficients in the policy and transition functions. In particular, I need to store the constant and correction term since I am running a second order approximation.
I have read alternative explanations in the forum, but they might refer to previous versions of Dynare. I am using version 4.4.3.
Thanks in advance for your help!
Lara
 
Posts: 33
Joined: Tue Jan 19, 2010 7:11 pm

Re: Coefficients in the policy and transition functions

Postby jpfeifer » Fri Mar 17, 2017 11:30 am

Please have a look at the manual in the sections
Code: Select all
4.13.3 First order approximation

which shows that the steady state is in
Code: Select all
oo_.dr.ys

where
The vector rows correspond to all endogenous in the declaration
order.

Section
Code: Select all
4.13.4 Second order approximation

documents that the uncertainty correction is equal to
Code: Select all
0.5*oo_.dr.ghs2

where the
rows correspond to all endogenous in DR-order
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
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Location: Cologne, Germany


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