Speed of Estimation

Estimation
1

Hi,
Is there any way we can speed up the estimation process in Dynare?
Can we use parallel computation? If yes, How?

2

Hi MHayati,
the parallel computation is documented in the manual.
But there is also a youtube tutorial on this issue that might help you.

Best regards

3
  1. If you estimate a non-linear model, provide an explicit solution for the steady state in steady_state_model block
  2. 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