Hi. I am trying to do some stochastic simulation and first of all I want to be sure that I understand the process. So, I would like to replicate the smoothed variable using the simult_ command. Based on [ Simulate a model using smoothed shocks ] and [ Choosing initial values for simult_ ], I ran the …

A counterfactual needs to be conducted for one set of parameters. The underlying issue is Jensen’s Inequality. The same happens for IRFs. See [image] Irfs after estimation of a DSGE model ML/Bayesian estimation It’s about Jensen’s Inequality. Denote the IRF at parameter \t…

Simult_ attempt

Stochastic simulations

jpfeifer January 10, 2021, 3:58pm 2

The current link should be

Did you follow it?