some problems in using dynare4.3.2

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some problems in using dynare4.3.2

Postby blackeif » Tue Mar 26, 2013 11:29 am

i write a dynare code, it runs well in dynare4.0.4,however when using dynare 4.3.2, it shows errors with "no stable euquilibrium".I do not know why it hanppens. Is dynare4.3.2 request more strict conditions of the model? could anyone help me with this?
and another question:can dynare4.0.4 make "shock_decomposition" of the variables?
thanks
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Re: some problems in using dynare4.3.2

Postby jpfeifer » Wed Mar 27, 2013 7:03 am

Could you post the mod-file?

Generally, when you have a mod-file that does not run in a previous version, there are issues in the model that make it borderline. There are models that have errors, but due to numerical rounding on computers don't show up in previous versions. I would thus rely on the more recent version.

The only thing I can think of that has been significantly changed from earlier version regarding the Blanchard-Kahn conditions is the treatment of unit roots in estimation compared to stoch_simul.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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Re: some problems in using dynare4.3.2

Postby jpfeifer » Thu Mar 28, 2013 6:48 am

The reason is that your model has two unit roots. In this case, you must use
Code: Select all
lik_init=2
or
Code: Select all
diffuse_filter
to get the same behavior as in older versions of Dynare.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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