Hi there,
I wanted to ask about the option of using previous mode file to speed up the estimation. In the Bayesian estimation, there is an potion to specify mode_file and set mode_compute = 0. If I do so, does it mean that Dynare will use my previous results only as an approximation which need to be improved? What if I use mode_file with data for another country that data.mat file? Will my result be wrong?
Regards,
Pavel