Impulse responses don't display when solving to second order

[davidamdur]

Stephan has now posted a version of Chris Sims’ pruning algorithm for Dynare 4.0.4 here:

Pruning implementation for Dynare 4.0.4?

Does anyone have (or know of) an implementation of Chris Sims’ pruning algorithm that runs in Dynare 4.0.4? I’m interested in a modification of simult_.m along these lines: https://forum.dynare.org/t/pruning-algorithm-for-second-order-approximation/632/1 The above implementation was for 3.065 but doesn’t seem to run in 4.0.4. Any pointers appreciated. Thanks, Dave

This may be helpful if you’re encountering explosive IRFs and simulations at second-order, even though your model is stable to first-order. It was very helpful for me. Read Kim, Kim, Schaumberg and Sims (JEDC 2008) for details.