Mean and Standard Deviation After Third Order Simulations

Stochastic simulations
1

Hello!

I am doing a work related to third order perturbation in dynare. I am not being able to find descriptive statistics like mean and standard deviation after third order perturbation unlike after first order simulations. Is it possible to get mean and standard deviation after third order simulations?

2

Theoretical moments are currently only reported up to order=2. If you want moments at order>2 you need to use simulated moments, i.e. periods>0

1 Like
3

Thank you Professor! I got it.