- Dynare in principle is a lot more efficient than the SGU-codes due to storing the results differently.
- A second order approximation of 120 equations should be possible.
- Yes, several instruments work. But you need the unstable version, because of a bug in 4.4.3 (see dynare.org/DynareWiki/KnownBugs)
- The part with the distorted steady state may currently be a problem. I am still in the process of investigating whether Dynare’s Ramsey returns correct results in this case, see [Ramsey policy is not optimal). If you have a model I can use to test, that would be very helpful. Otherwise, it might take some time.