Does anyone know if it’s posisble to generate the forecasts of some endogenous variables by setting the parameters at their posterior means, after the estimation is finished? Should I use “estimation” or “stoch_simul” to do this?
I guess this question is somehow related to the question in this post:
However, Professor Pfeifer only mentioned that Dynare will set parameters to the posterior mode after estimation. Would it be possible to use the posterior means of the parameters?
I used the Bayesian method and obtained the posterior means of the parameters.
The problem is that I only forecasted one variable in the estimation command, but now I need to forecast some other variables. However, as the estimation is extremely slow (40+ hours), I was wondering if there is a way that could let me directly generate forecasts without running the estimation a second time.