Dear All,
I am working on my Master’s thesis and would be very grateful if someone can answer these non-technical questions for me.
- In dynare user guide chapter 6, there is a solved example Schorfhoide (2000). The equilibrium conditions of the model were non stationary so both the model variables and observed variables were either de-trended or were used in levels to make them stationary.
Usually academic papers now present stationary symmetric equilibrium conditions in the appendix. So for instance if I undertake a replication exercise of any such paper, I will write only those stationary symmetric equilibrium conditions in dynare right? without the need of using de-trending or any other method for making variables stationary?
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Authors these days also present a steady state section in which they explicitly define steady state equations. Are these the same equations that I am suppose to write when I make an external MATLAB program to calculate exact steady state?
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When authors say “the group of parameters that are calibrated” they are basically referring to the estimation exercise of models right? either by Bayesian or MLE.