What values are decision rules in oo-.dr.ys based on?

Stochastic simulations
1

Hi,
I am a novice to dynare, so my questions could be low quality.

Sorry about that.

My question is on what values decision rules in oo-.dr.ys obtained after bayesian estimation are based.

Mean, mode, median for posterior parameter estimates or whatever?

Thank you in advance for reply.

2

None of them. After Bayesian estimation the parameters in M_.params are set to the posterior mean. But the steady state in oo_.dr.ys is still based on the last MCMC draw. To set it to the value at the posterior mean, you need to run

stoch_simul

again after estimation.

3

What is what has to be run?? (i.e. what did you write in between “your need to run” and “again after estimation”; the preformatted text does not show anything).

4

I edited the post.