I am trying to obtain the IRFs using
the updated US data from 1966 to 2023
and compare them with that of smets and wouters (2007) (Note that Smets and Wouters’ data spans from 1966 to 2004).
I obtained multiple modes of the posterior distribution by
using Smets and Wouters’ data and mode compute option.
However, none of them were same as the Smets and Wouters’ mode.
Therefore, How did Smets and Wouters (2007) obtain the mode?
I have attached a file that contains Smets and Wouters’ mode for your reference.
usmodel_mode.mat (8.2 KB)