About the SMM/GMM/IRF-Matching category

Questions related to the simulation method of moments (SMM) or the generalized method of moments (GMM)

PAC3.mod (2.3 KB)
Dear Professor Johannes,

Please find attached codes for PAC model (SGU 2003). I am attempting to use SMM with 3rd order. I am reading your paper Risk matter, and codes but a bit hard for me at this point of time.

How do we set parameter.( which parameters). Can you please help me to improve PAC model codes.
Best Regards,