I am studying the incorporation of observed data in a model with a guide already programmed. However, there is an option that is not very clear in the Dynare manual: "options_.console_mode = 1"
Does anyone know what it means?
The programming block is specified like this:
- stoch_simul (…);
- varobs …;
- options_.console_mode = 1;
- estimation (…);
- shock_decomposition (…);