Dear Dynare,
If I wish the estimation (i.e. the MCMC) to continue from the last draw, then I understand well that this is the kind of estimation command I have to give>
estimation(datafile=us_euro_data, load_mh_file, mode_file = us_euro_m1_mode, mode_compute=0, mh_replic=100000,mh_jscale=0.15,presample=4);
In particular, load_mh_file should also be accompanied by “mode_file” - file created by the previous run - and mode_compute = 0 to avoid re-computing the mode?
Please note that the initial estimation used mode_compute = 6 with 40000 draws.
Is datafile necessary or should it be actually excluded from the command?
Thanks!
Best,
K.