Dynare forums

Dear Johannes Pfeifer,

I am learning your dynare code of "Real business cycles in emerging countries". I find that you directly "Use their posterior as starting values for estimation".

If I delete estimated_params_init(use_calibration), do not specify any initial values, so to use the prior mean as starting values, I can not get similar estimation results interms of postierior mean with the paper.

I am just wondering how to get a similar estimation results of posterior mean without using any posterior information in the paper? Could you give me some hints?

Thanks in advance.

Huan

Unfortunately, that is not so easy and I am working on this currently.
Update: Please see the explanation at https://github.com/JohannesPfeifer/DSGE_mod/blob/master/GarciaCicco_et_al_2010/GarciaCicco_et_al_2010.mod