Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more ➡
Standard view
Full view
of .
×

Contents
List of Figures
Introduction
1.2 What is Dynare?
1.4 Nomenclature
1.5 v4, what’s new and backward compatibility
Installing Dynare
2.1 Dynare versions
2.2 System requirements
2.3 Installing Dynare
2.4 MATLAB particularities
Solving DSGE models - basics
3.1 A fundamental distinction
3.1.1 NOTE! Deterministic vs stochastic models
3.2. INTRODUCING AN EXAMPLE 11
3.2 Introducing an example
3.3 Dynare .mod ﬁle structure
3.4 Filling out the preamble
3.4.2 The stochastic case
3.5 Specifying the model
3.5.1 Model in Dynare notation
3.5.2 General conventions
3.5.3 Notational conventions
3.5.4 Timing conventions
3.5.5 Conventions specifying non-predetermined variables
3.5.6 Linear and log-linearized models
3.6. SPECIFYING STEADY STATES AND/OR INITIAL VALUES 21
3.6 Specifying steady states and/or initial values
3.6.1 Stochastic models and steady states
3.6.2 Deterministic models and initial values
3.6.4 Checking system stability
3.7.1 Deterministic models - temporary shocks
3.7.2 Deterministic models - permanent shocks
3.8. SELECTING A COMPUTATION 27
3.7.3 Stochastic models
3.8 Selecting a computation
3.8.1 For deterministic models
3.8.2 For stochastic models
3.9 The complete .mod ﬁle
3.9.1 The stochastic model
3.9.2 The deterministic model (case of temporary shock)
3.10. FILE EXECUTION AND RESULTS 33
3.10 File execution and results
3.10.1 Results - stochastic models
3.10.2 Results - deterministic models
4.1 Dynare features and functionality
4.1.1 Other examples
4.1.2 Alternative, complete example
4.1.3 Finding, saving and viewing your output
4.1.4 Referring to external ﬁles
4.2. FILES CREATED BY DYNARE 43
4.1.5 Inﬁnite eigenvalues
4.2 Files created by Dynare
4.3 Modeling tips
4.3.2 Expectations taken in the past
4.3.3 Inﬁnite sums
4.3.4 Inﬁnite sums with changing timing of expectations
5.1 Introducing an example
5.2 Declaring variables and parameters
5.3 Declaring the model
5.4. DECLARING OBSERVABLE VARIABLES 49
5.4 Declaring observable variables
5.6 Declaring priors
5.7 Launching the estimation
5.8 The complete .mod ﬁle
5.9 Interpreting output
5.9.1 Tabular results
5.9.2 Graphical results
6.1 Alternative and non-stationary example
6.1.1 Introducing the example
6.1.2 Declaring variables and parameters
6.1.3 The origin of non-stationarity
6.1.4 Stationarizing variables
6.1.5 Linking stationary variables to the data
6.1.6 The resulting model block of the .mod ﬁle
6.1.7 Declaring observable variables
6.1.8 Declaring trends in observable variables
6.1.9 Declaring unit roots in observable variables
6.1.11 Declaring priors
6.1.12 Launching the estimation
6.1.13 The complete .mod ﬁle
6.1.14 Summing it up
6.2 Comparing models based on their posterior
6.3. WHERE IS YOUR OUTPUT STORED? 75
6.3 Where is your output stored?
7.1 Introduction
7.3 How does dynare solve stochastic DSGE
8.2 The basic mechanics of Bayesian estimation
8.2.1 Bayesian estimation: somewhere between calibration
and maximum likelihood estimation - an example
8.3. DSGE MODELS AND BAYESIAN ESTIMATION 85
8.3 DSGE models and Bayesian estimation
8.3.1 Rewriting the solution to the DSGE model
8.3.2 Estimating the likelihood function of the DSGE model
8.3.3 Finding the mode of the posterior distribution
8.3.4 Estimating the posterior distribution
Troubleshooting
Bibliography
0 of .
Results for:
P. 1
Dynare Userguide

# Dynare Userguide

Ratings: (0)|Views: 4,728|Likes:

See More
See less

01/29/2012

pdf

text

original