Counterfactual analysis in Dynare with shocks shut to 0 for a time period

[jpfeifer]

Usually, this can be done using the simult_-function. See

Counterfactual simulations based on smoothed shocks

Dear all, I have a question regarding the smoother implemented in Bayesian estimation. Does dynare compute the smoothed variables conditional on the posterior mean after estimation? I am asking because I calibrated my model at the posterior mean, simulated it using stoch_simul and computed the smoothed variables using the calib_smoother command. However, the smoothed estimates differ (the differences are small but visible when I plot the two series together (see attached figure). Best, Raoul …