Dear all,
which alghoritm is used to compute optimal simple rules in Dynare?
Is that of Dennis, R. (2004): Solving for optimal simplerule s in rational expectations models???
Thank you.
Jan
Dynare forums
Forums for asking questions, posting comments and uploading examples related to Dynare
Optimal simple rule - which algorithm?
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
Optimal simple rule - which algorithm?
by flumas22 » Wed Nov 19, 2014 6:35 am
- flumas22
- Posts: 17
- Joined: Sun Oct 31, 2010 4:45 pm
Re: Optimal simple rule - which algorithm?
by jpfeifer » Sat Dec 06, 2014 10:49 am
Not exactly. The algorithm is documented in detail in the manual. It differs from the ones in Dennis (2004) as the objective function is different. Dennis uses a discounted sum of squares while Dynare does use the unconditional expectations.
- 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 10 guests