Estimated parameters with a structural change
Posted: Wed Feb 22, 2012 7:59 amDear all,
I am trying to estimate a DSGE model using Dynare. I would like to allow the two parameters in the Taylor rule to be different before and after1982Q1 while keeping other estimated parameters to be the same through the whole sample period. Is there a way to do this using Dynare's Bayesian estimation package?
Your help will be very much appreciated!
Elee
I am trying to estimate a DSGE model using Dynare. I would like to allow the two parameters in the Taylor rule to be different before and after1982Q1 while keeping other estimated parameters to be the same through the whole sample period. Is there a way to do this using Dynare's Bayesian estimation package?
Your help will be very much appreciated!
Elee