I’m running the estimation command with the forecast option. After that, I would like to change the value of one calibrated parameter and produce a counterfactual forecast.
How can I do this?
I’m running the estimation command with the forecast option. After that, I would like to change the value of one calibrated parameter and produce a counterfactual forecast.
How can I do this?
You want to conduct an out-of-sample forecast, starting from the smoothed states at the end of the sample derived from estimation, but now with a different set of decision rules?
yes! thanks