Could anyone help please, I am a little confused.
If I write down my model in exp() in Dynare (i.e. log-linearized version), then the correlation table (and other moments) that Dynare prints are in levels? or gaps? For simulation procedure I use stoch_simul
with no hp_filter
option.
And correct me if I am wrong, but if I use one-sided HP filter for my data for Bayesian estimation purposes and compute moment, I should also simulate the model with one-sided HP filter option?
In other words, to compare simulated and real moments, I need to have both real data and simulated data treated in the same way (one-sided filter)?
It would be extremely helpful to receive any suggestions. Thank you.