I am wondering the current version of dynare 4.4 has implemented the algorithm of the following paper?
Kim, J., S. Kim, E. Schaumburg & C. A. Sims. Calculating and Using Second-Order Accurate Solutions of Discrete Time Dynamic Equilibrium Models[J]. Journal of Economic Dynamics and Control,2008, 32 (11): 3397-3414.
If so, how can I use it?
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The 2nd order approx. algorithm of Kim,Kim(2008)
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The 2nd order approx. algorithm of Kim,Kim(2008)
by ahnulxy » Tue Jan 28, 2014 11:04 pm
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Re: The 2nd order approx. algorithm of Kim,Kim(2008)
by jpfeifer » Wed Jan 29, 2014 7:59 am
See the manual for the pruning option
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