The models solved by Dynare include those relying on the rational expectations hypothesis, wherein agents form their expectations about the future in a way consistent with the model. But Dynare is also able to handle models where expectations are formed differently: on one extreme, models where agents perfectly anticipate the future; on the other extreme, models where agents have limited rationality or imperfect knowledge of the state of the economy and, hence, form their expectations through a learning process. Dynare offers a user-friendly and intuitive way of describing these models. It is able to perform simulations of the model given a calibration of the model parameters and is also able to estimate these parameters given a dataset. Dynare is a free software, which means that it can be downloaded free of charge, that its source code is freely available, and that it can be used for both non-profit and for-profit purposes.

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Quick search. The Dynare Reference Manual, version 4. Introduction 1. What is Dynare? Documentation sources 1. Citing Dynare in your research 2. Installation and configuration 2. Software requirements 2. Installation of Dynare 2. On Windows 2. On macOS 2. For other systems 2. Compiler installation 2. Prerequisites on Windows 2. Prerequisites on macOS 2. Configuration 2.

For Octave 2. Some words of warning 3. Running Dynare 3. Dynare invocation 3. Dynare hooks 3. Understanding Preprocessor Error Messages 4. The model file 4. Conventions 4. Variable declarations 4. On-the-fly Model Variable Declaration 4. Expressions 4. Parameters and variables 4. Inside the model 4. Outside the model 4. Operators 4. Functions 4. Built-in functions 4.

External functions 4. A few words of warning in stochastic context 4. Parameter initialization 4. Model declaration 4. Auxiliary variables 4. Initial and terminal conditions 4. Shocks on exogenous variables 4. Other general declarations 4. Steady state 4. Finding the steady state with Dynare nonlinear solver 4. Providing the steady state to Dynare 4. Replace some equations during steady state computations 4. Getting information about the model 4. Deterministic simulation 4.

Stochastic solution and simulation 4. Computing the stochastic solution 4. Typology and ordering of variables 4. First-order approximation 4. Second-order approximation 4. Third-order approximation 4.

Estimation 4. Model Comparison 4. Shock Decomposition 4. Calibrated Smoother 4. Forecasting 4. Optimal policy 4. Optimal policy under commitment Ramsey 4.

Optimal policy under discretion 4. Sensitivity and identification analysis 4. Performing sensitivity analysis 4. Performing identification analysis 4.

Types of analysis and output files 4. Sampling 4. Stability Mapping 4. Reduced Form Mapping 4. RMSE 4. Screening Analysis 4. Identification Analysis 4. Epilogue Variables 4. Displaying and saving results 4. Macro processing language 4.

Macro expressions 4. Macro directives 4. Typical usages 4. Modularization 4. Indexed sums of products 4. Multi-country models 4. Endogeneizing parameters 4. Verbatim inclusion 4. Misc commands 5. The configuration file 5. Dynare Configuration 5. Parallel Configuration 5. Windows Step-by-Step Guide 6. Time Series 6. Dates 6. Dates in a mod file 6. The dates class 6. The dseries class 7. Reporting 8. Examples 9. Dynare misc commands Powered by Sphinx 1.


Dynare: Reference Manual Version 4






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