Day and night timing in Dynare

[jpfeifer]

What exactly is the purpose of the two subperiods? Triggering different information sets for the choices? In that case, you may be able to use the EXPECTATION-operator. See e.g.

Monetary Policy Shock Timing in Dynare vs. CET(2016)

Dear Dynare community, I have a question about the timing of a monetary policy shock in standard Dynare models versus the model in Christiano, Eichenbaum and Trabandt (Econometrica 2016). In that study, the authors estimate their model using an IRF-matching methodology. They first evaluate a VAR model with an identification scheme that assumes that the monetary policy shock only affects the Federal funds rate (R) in the period of the shock. Thus, in period zero, none of the other variables resp…