Dear Dynare users,
I would like to simulate (given the estimated structural shocks) the path of the main macroeconomic aggregates under two different monetary policy rules. How can I do that? Any suggestion?
Regards,J
Yes, you could use simult_ together with the smoothed shocks. See [Simulate a model using smoothed shocks) and [Choosing initial values for simult_)
Dear professor,
I want to know more details about the command simult_, but I couldn’t find it in the dynare reference manual. How can I find this?
It’s an internal Dynare command that has not been documented in the manual. But you can find an example at https://github.com/JohannesPfeifer/DSGE_mod/blob/master/RBC_news_shock_model/RBC_news_shock_model.mod
Thank you, professor. The file is very helpful.