question for jpfeifer :add schok betwwen 0 and 1

This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location where you will have to reset your password.
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.

question for jpfeifer :add schok betwwen 0 and 1

Postby riiiiad » Sun Feb 01, 2015 5:01 pm

dear jpfeifer
How to add a schok which must be between 0 and 1
thank you
riiiiad
 
Posts: 14
Joined: Mon Jan 12, 2015 9:09 pm

Re: question for jpfeifer :add schok betwwen 0 and 1

Postby jpfeifer » Mon Feb 02, 2015 8:47 am

------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany

Re: question for jpfeifer :add schok betwwen 0 and 1

Postby riiiiad » Mon Feb 02, 2015 6:03 pm

it's an exogenous variable wich must be between 0 and 1
riiiiad
 
Posts: 14
Joined: Mon Jan 12, 2015 9:09 pm

Re: question for jpfeifer :add schok betwwen 0 and 1

Postby jpfeifer » Thu Feb 05, 2015 7:44 am

As the above posts say, only the mean and standard deviation of the shocks matter, not the distribution itself. The decision rules will be correct for any distribution with the same mean and standard deviation as the one you provide. For simulations, things are more complicated as Dynare uses normally distributed shocks. In this case, if you want to generate data simulated with shocks from this distribution, you have to do that manually (but it is straightforward to do)
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany


Return to Dynare help

Who is online

Users browsing this forum: Google [Bot] and 7 guests