forecast posterior distribution
Posted: Fri Nov 03, 2006 9:52 amHi,
I'd like to compute excess inflation and deflation risk measures like in Smets and Wouters paper "Forecasting with a Bayesian SDGE model ...". I run my .mod file (linearized Smets and Wouters model from ,,An estimated ...'', 2002). Dynare 4 estimated parameters and stderrs but it doesn't want to produce forecast (As far as I know it should produce forecast graphs.) My estimation command:
estimation(datafile=takiedane,mh_replic=2000,nodiagnostic,forecast=4).
I guess there's an if block missing in estimation.m (there's only if block for the case: mh_replic=0 & forecast>0) but I don't know how to fix it. Any ideas ?
Arek
I'd like to compute excess inflation and deflation risk measures like in Smets and Wouters paper "Forecasting with a Bayesian SDGE model ...". I run my .mod file (linearized Smets and Wouters model from ,,An estimated ...'', 2002). Dynare 4 estimated parameters and stderrs but it doesn't want to produce forecast (As far as I know it should produce forecast graphs.) My estimation command:
estimation(datafile=takiedane,mh_replic=2000,nodiagnostic,forecast=4).
I guess there's an if block missing in estimation.m (there's only if block for the case: mh_replic=0 & forecast>0) but I don't know how to fix it. Any ideas ?
Arek