Can Dynare expand around stochastic steady state?

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Can Dynare expand around stochastic steady state?

Postby hewei2004 » Wed May 23, 2012 9:09 pm

Hi ,

1.
I use dynare++ because it seems Dynare expand around the determinsitic steady state rather than the stochastic steady state. And dynare++ outputs the stochastic statedy state in the variable dyn_ss.


2.Does dynare ++ do bayesian estimations?
I need to use dynare++ because I want to do estimation around the "stochastic steady state", rather than the "determinsitic steady state" in normal dynare.

I know dynare can do bayesian estimations, but the manual is silent on whether dynare++ can do bayesian estimations.
hewei2004
 
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