I have a question whether shocks block should be used in the estimation mode in Dynare. For example, in Smets-Wouters and Villaverde 2010 (NK_baseline) etc there are multiple shocks. What is the prevailing strategy?
Thanks for advice!
Dynare forums
Forums for asking questions, posting comments and uploading examples related to Dynare
Shocks in estimation mode?
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
Shocks in estimation mode?
by Petryk » Mon Jan 19, 2015 2:12 pm
- Petryk
- Posts: 4
- Joined: Mon Jan 19, 2015 2:09 pm
Re: Shocks in estimation mode?
by jpfeifer » Tue Jan 20, 2015 1:07 pm
The shocks block is only required if you want to set shock (co-)variances that are not estimated. If all shock (co-)variances are estimated, this block is redundant, but nevertheless recommended as you should always check your model results with stoch_simul before turning to estimation.
- 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 11 guests