Hello,
The picking of initial values seems mysterious to me. Is there a way to automate it in a "loop"?
Thank you!
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is there a way to "loop" over initial values?
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is there a way to "loop" over initial values?
by Dynared » Sat Apr 12, 2014 2:23 am
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Re: is there a way to "loop" over initial values?
by jpfeifer » Mon Apr 14, 2014 8:03 am
You could program one, but it is preferable to pick better starting values from economic theory or even better, provide an analytical steady state. See "Remark 15 (initval vs. steady_state_model vs. steadystate-file)" in Pfeifer(2013): "A Guide to Specifying Observation Equations for the Estimation of DSGE Models" https://sites.google.com/site/pfeiferecon/Pfeifer_2013_Observation_Equations.pdf
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