You can provide any shock matrix you like to simult_.m. But you should make sure it is consistent with the respective moments of the shock distribution. Please have a look at the caveats at
Dear Support Team
I was wondering whether it is possible to use random variables following non-normal distributions ALONGSIDE with standard normal distributions in Dynare 4.
I would need to use both normally distributed shocks and a variable following a binary distribution (value 1 with probability p, and value 0 with probability (1-p)).
I have already found a previous question on uniform distributions between 0 and 1:
[Drawing from non-normal distributions in model simulation )
where you sa…
Hi ,
I was trying to simulate (not estimate) a model with a shock which is not have normal distributions. Particularly I’d be interested in specifying that my shock is uniformly distributed(-1,1). (I’m also interested in truncated normals.)
I would like to figure out the best way to specify how to do this in the shocks; I use Dynar4.4.3.
Thanks for the help,
PS: I saw the [Drawing from non-normal distributions in model simulation ) but unfortunately it is just for [0 1] and also I could not …