I'm new to Dynare I have one question.
When you are estimating and you have lised your parameters, shocks etc. in "estimated_params" with relevant priors and so on, is it then nessecary to have the following pieces of code:
1) A liste of shocks, for instance
- Code: Select all
shocks;
var ea;
stderr 0.4;
end;
2) Initialisation of estimated parameters?, for instance
- Code: Select all
calfa=0.3;
cgamma=1.0;
Thx in advance