As suggested in many posts, to update the parameter values in a model with Dynare, I run the .mod first and then use
dynare MY_FILE.mod set_param_value('para name', -the value-); info(var_list_) % results wanted
My question is that, if I don’t randomize the seed in MY_FILE.mod, will Dynare give me the same simulation results when the updated value is the same as before? For example,
alpha = 0.7 in the original file and then I ‘update’ the value of
alpha to 0.7 using the above code.
In practice, I didn’t get the same simulation results and I’m wondering why. Is the reason that Dynare updates the randomness generating process on the back end (again I didn’t set random seeds here)? Because if all the information other than the parameter value remains the same, I don’t see why the results can be different.
Thank you very much in advance.