is there a way to "loop" over initial values?
Posted:
Sat Apr 12, 2014 2:23 amby Dynared
Hello,
The picking of initial values seems mysterious to me. Is there a way to automate it in a "loop"?
Thank you!
Re: is there a way to "loop" over initial values?
Posted:
Mon Apr 14, 2014 8:03 amby jpfeifer
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