Is there any way we can speed up the estimation process in Dynare?
Can we use parallel computation? If yes, How?
the parallel computation is documented in the manual.
But there is also a youtube tutorial on this issue that might help you.
- If you estimate a non-linear model, provide an explicit solution for the steady state in
- In the estimation process, the only computation that can be parallelized is multiple Monte-Carlo chains. Finding the posterior mode and one MH chain are serial alogrithm that can’t be parallelized