Calibrating SE of shocks
Posted: Thu Jun 17, 2010 8:57 amHello. I would like to calibrate some stderr of some shocks and not estimate them. For this purpose should I use shocks block??
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Calibrating SE of shocks
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Posted: Thu Jun 17, 2010 8:57 amRe: Calibrating SE of shocks
Posted: Tue Jun 22, 2010 8:15 amYes, you should. If you specify the SE of an shock in the shocks block, Dynare takes this value as given in the estimation, if this SE is not included in the estimated_params block.