Hi, I wonder whether Dnyare can do the estimation of exogenous shocks (declared in exovar in mod file) in a deterministic model? Is it possible to use MLE for a deterministic model? If so, is there any example code available? Thanks in advance!
For instance, I first declare the shock values in the parameter block and call them in the shock block.
varobs c;
…
exovar z ; // productivity
parameters; z1 z2 z3;
…
shocks;
var z
period 1:3;
values z1 z2 z3;
end;
…