Number of Burnin

Hello everyone

Does anyone know how many burnin should be good enough? since in Dynare, the default number of burnin is 50%

With best regards

There is no general guidance. Often a burnin of 100,000 draws is sufficient. If you want to know it in detail, you can use the raftery_lewis_diagnostics in version 4.5, which will provide an estimate of the required burn-in.