I have a question concerning other programming languages than Matlab and DSGE modeling. Are there reasons why one would prefer to work with another language and which languages could then be preferred?
Thanks in advance!
The deciding factors are speed, abstraction (and thus development time), and already existing code on which you can build. You might want to look at Aruoba Fernandez-Villaverde (2015) - A comparison of programming languages in economics
and quant-econ.net/
Which other class or types of models cannot be solved numerically with dynare aside heterogeneous agent models (with a large degree of heterogeneity) and nonlinear models (with no perturbation).
For example, any other model that features stochastics but is non-stationary. An example would be life-cycle models with a fixed terminal period.
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