Parameter initialization

Dear all,

Suppose I want to add draws (e.g. using “mc_recover” or “load_mh_file”) to an existing Metropolis-Hastings chain of parameters for my DSGE model. The mod-file includes an “estimated_params_init” block.

My question: will the additional draws be initialized at the point specified by “estimated_params_init”, or will they be initialized at the last draw in the existing chain?

In Dynare 4.4.3 the behavior was problematic. Therefore, initialization or specified mode-files/mode-computation mattered in some cases. In the unstable version, proper continuation is assured. See and