Release of Dynare 4.2.1

We are pleased to announce the release of Dynare 4.2.1.

Many bugs have been fixed since the previous release. The reference manual has also been improved: new contents has been added at various places, the structure has been improved, an index of functions and variables has been added, the PDF/HTML rendering has been improved.

The Windows package is already available for download at the official Dynare website ( The Mac and Linux packages should follow soon.

All users are strongly encouraged to upgrade.

This release is compatible with MATLAB versions ranging from 7.0 (R14) to 7.12 (R2011a) and with GNU Octave versions ranging from 3.0 to 3.4.

Here is a list of the main bugfixes since version 4.2.0:

] The STEADY_STATE' operator has been fixed/*:m] *] Problems with MATLAB 7.3 (R2006b) and older have been fixed/*:m] *] Thepartial_information’ option of stoch_simul' has been fixed/*:m] *] Optionconditional_variance_decomposition’ of stoch_simul' andestimation’ has been fixed/:m]
] Automatic detrending now works in conjunction with the EXPECTATION' operator/*:m] *] Percentage signs inside strings in MATLAB statements (like disp('% This is not a comment %')) now work/*:m] *] Beta prior with a very small standard deviation now work even if you do not have the MATLAB Statistical toolbox/*:m] *] External functions can now been used in assignment of model local variables/*:m] *]identification’ command has been fixed/:m]
] Option cova_compute' ofestimation’ command has been fixed/:m]
] Random crashes with 3rd order approximation without `use_dll’ option have been eliminated/:m][/ul]