Hi there,
Is it possible in Dynare to obtain simulated data (simulated realisations) after bayesian estimation so that you can run regression with the simulated output?
Ie, obtain simulations of the endogenous variables in the model? Is this what the “policy and transition functions” output presents?
Thanks
No, this is not what
mean. These are the rules for computing simulations.
To your question: after estimation, you can include a call to stoch_simul with the periods option. This allows you to generate simulated data at the posterior mean. Things are more complicated if you want to simulate series from the whole posterior distribution instead of the mean/mode.
Thank you for your help