Non-Linear estimation in Dynare ++


#1

Hi,

I need to ask whether it is possible in Dynare++ to estimate (Bayesian/MLE) k-th order approximation of DSGE model, or if I had to estimate first or second order approximation and use such a parameters estimate to run simulations in higher-order approximation.

Kind Regards
Jan Žemlička
Faculty of Economics and Public Administration;
University of Economics, Prague


#2

Dynare++ does not support estimation at all. So the answer is no.


#3

Thank you very much! So, do I understand it correctly, that maximal order of model with can be estimated using Dynare toolbox is third?

Kind Regards
Jan Žemlička
Faculty of Economics and Public Administration;
University of Economics, Prague


#4

At the current stage (4.5), you can only estimate up to second order in Dynare.