I'm running a simple model that includes a tax on wages and transfer system between different classes of citizens. I'd like to implement a Markov process that determines which of two systems are in place in each time period, and determined a Markov process would be best.
I've searched around and found references to Markov processes in dynare, but I wasn't smart enough to actually understand everything. I assume this is possible, it seems like it should be.
Could somebody post some example code or a link to an explanation that might help?
Dynare forums
Forums for asking questions, posting comments and uploading examples related to Dynare
Markov Process
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.
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.
2 posts
• Page 1 of 1
Markov Process
by Gmeiner » Sun Nov 02, 2014 2:46 am
- Gmeiner
- Posts: 1
- Joined: Sun Nov 02, 2014 2:40 am
Re: Markov Process
by jpfeifer » Wed Nov 05, 2014 3:29 pm
On Markov processes for shocks, see http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=5267. As you seem to be referring to a Markov regime-switching model, they are not yet supported in Dynare.
- jpfeifer
- Posts: 6940
- Joined: Sun Feb 21, 2010 4:02 pm
- Location: Cologne, Germany
2 posts
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 7 guests