Hello, I am running to understand about SMM DSGE_mod/Born_Pfeifer_2014 at master · JohannesPfeifer/DSGE_mod · GitHub First you run the code by setting recalibration and estimation to 0 then change to 1 to find values for sigma_x, phipar, D_bar, and Phi. In Born_Pfeifer_RM_Comment.mod, the value…

The logdata option in the method_of_moments command is only relevant IF you use the loglinear option. The loglinear option needs to be provided to the model block. Then dynare internally does a log transformation on ALL variables in the model, which is sometimes useful, but mostly doesn’t work as w…

The code you are looking at is a replication file for an article. Minimizing the smm_diff_function requires some starting values. We provided the values we found as starting values, but you should get the same with other reasonable starting values. No, the 8 empirical moments are the ones used for…

Thank you for your reply and explanation. Lines 115-119 in simult_FGRU.m were mentioning about sigma_r, sigma_tb, eps_r, eps_tb, X. I thought sigma_x, phipar, D_bar, and Phi would be used in lines 115-119 since they are the parameter values to find?

I want to match theoretical moments from dynare to empirical data. Is working with SMM the right approach to find parameters that match theoretical moments to data?

Dynare 5 has a method_of_moments-command to do such a matching. The mentioning of the shock is necessary for the simulation of the model. It’s specific to the replication of the original paper. Usually, you can use generic Dynare codes for that.

Hi Dears, It is great to know that Dynare 5 has the method_of_moments command. I read the dynare manual and want to figure out it is possible to include the loglinear option, like the stoch_simul and estimation block. @jpfeifer @wmutschl Best Sihao

No. At the current stage, the loglinear options is not supported. You need to append the logarithms of the necessary variables.

Hi Dear Pfeifer, thanks for the confirmation. Looking forward to seeing that this option is included in near future. Best, Sihao

We are not currently planning on enabling this option as it would only work at order=1 and there is an easy workaround.

Hi Dears Thanks again for developing a toolbox for method of moments in Dynare. I learn a lot from the tutorial in Youtube as well as the corresponding sections in Dynare manual. While I go though the sample code (which is available here: https://mutschler.eu/files/estimation/dynare-summer-school-…

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