Hi All,

I use stoch_simul to simulate series from my model, the economy fluctuates around its steady-state because of standard TFP shocks.

Particularly, the code is:

```
stoch_simul(noprint,order=2,pruning,drop=0,periods=200,simul_replic=1000);
```

My question is the following:

Does the precision of the simulated series produced by the model increases as i increase the number of “simul_replic”?

If yes, in my model the weighted sum of period utility function (say for 200 hundred periods) is:

with simul_replic= 2000 —> -767.6821

with simul_replic= 5000 —> -755.7785

with simul_replic=10000 —> -748.4416

with simul_replic= 20000 —> -753.9464

with simul_replic= 30000 —> -770.3927

Does the above look like converging?

Should i increase the number of simul_replic even more?

How i can use the same TFP shocks in each run?

Best,

P.

PS: The IRFs imply that the model makes sense.