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
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Real business cycles in emerging countries
by ZBCPA » Sun Sep 06, 2015 10:57 am
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Re: Real business cycles in emerging countries
by jpfeifer » Sun Sep 13, 2015 4:01 pm
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
Update: Please see the explanation at https://github.com/JohannesPfeifer/DSGE_mod/blob/master/GarciaCicco_et_al_2010/GarciaCicco_et_al_2010.mod
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