Curious to know if Dynare can be used for non-dsge macroeconomic models? The Bank of Japan’s Quarterly Economic Model is a good example of the style of model I am interested in, which can be found here:
The authors of the model/paper describe it as large scale semi-structural model. Looking through the paper, there are forward looking variables, but seeing that the model (which is provided by the authors) is written in Eviews, my guess this would use extended path (Fair-Taylor) if these are model consistent expectations. Putting that to one side, the real question is, can Dynare be used to solve macroeconomic models that are built up of a number of error correction models / other reduced form econometric models with or without model consistent expectations?
Could Dynare be used for solving such a model, if parameters were estimated and in another software and written to the .mod file?
Apologies if this has been covered before, I am new to Dynare and couldn’t find any examples when searching “semi-structural model” which fit the bill. The closest I could could find was the work by Douglas Laxton, which is a little different - but does suggest that this type of model should be possible.
Any examples would be appreciated.