Dear all,

I am attempting to improve my Bayesian estimation of a large-scale multisectoral model. The idea is to implement an adaptive phases methodology to improve the starting point of the MCMC process.

I need to verify whether there was a draw from a higher mode and update the calibration of the variance-covariance matrix of the jump distribution. If I use mode_compute=6 initially and then proceed with

mode_compute = 0, mode_file = FILE, and load_mh_file,

it appears that I will simply continue the same chain. However, according to the algorithm, I need to change the initial draw point and the var-cov matrix. Am I missing something? And if that’s the case, is there any way to implement this directly in Dynare?

Thanks!