Hello Everyone! I hope you are enjoying the free DSGE course. Please leave your comments/feedback! 📈 DSGE Course in Matlab Dynare: jdeconomicstore.com/b/dsge-dynare-course ✅ You can buy the DO File Along with the slides and paper (maths solved) at: jdeconomicstore.com/b/dsgemodelstata ✅ Download for Free the PDF With Dynamic Equations, and see the course outline at: www.jdeconomics.com/dsge-models ☕If you would like to show your appreciation and make a donation: 💳 www.paypal.com/paypalme/JDEconomics?locale.x=en_US Best Regards, Juan D.
I would dare to say that your youtube tutorials are some of the best on the net on econometrics. A doubt regarding the table at minute 3:20. Is there any interpretation for the values of capital(3.52), productivity(1), returns(0.05) and wages(1.72)? Thank you very much for your videos, they are very helpful for economics students.
Thanks for the positive feedback! The productivity is 1 because that’s the only source of fluctuation in the model and value in steady state. The capital is the capital stock, which in our economy is high. In developed economies tends to be 4 times the production (according to statistical data on the capital stock). Returns is the annual rate. Finally there is no real interpretation (as a ratio to product) for those variables. (H, R, W)… I hope that answers your questions. Good luck!
Thanks! Make sure to check my website at www.jdeconomics.com Also, there is a coupon code of 20% discount (valid until august 9th) to buy the material of this course. Code: dsge Best regards! JD
Hi JD, many thanks for this free course, really helpful! I have a question if I may. Although I'm using the same dataset and the do file, I keep getting the same error of "identification failure at starting values". I assigned different values to constraints, tried to change the order of the constraints and equations or just introduced 2-3 constraints but still got the same error. Also checked if it's because of the software, I used the examples on the help file of dsgenl but these worked fine. What could be the problem?
Hi! It is indeed normally the constraints values. Also, make sure that the stata you are using is 16 or newer. You can acquire the material too in case you need it: jdeconomicstore.com/b/dsge-models-in-stata Kind regards, JD
@@JDEconomics Thank you very much for the quick response! Actually, I'm considering for the Matlab version of this course but was just checking the free version first. Will look the material! Best, Ahmet.
Hi! DSGE models that do not spiral out of control or converge to a single point when shocked are said to be “saddle-path stable”. We can solve only saddle-path stable DSGE models, and we can estimate only the parameters of models we can solve. Regards, JD
Hello Everyone! I hope you are enjoying the free DSGE course. Please leave your comments/feedback!
📈 DSGE Course in Matlab Dynare:
jdeconomicstore.com/b/dsge-dynare-course
✅ You can buy the DO File Along with the slides and paper (maths solved) at:
jdeconomicstore.com/b/dsgemodelstata
✅ Download for Free the PDF With Dynamic Equations, and see the course outline at:
www.jdeconomics.com/dsge-models
☕If you would like to show your appreciation and make a donation:
💳 www.paypal.com/paypalme/JDEconomics?locale.x=en_US
Best Regards,
Juan D.
I have already purchased this course and it is fantastic. I will start practicing it this weekend. Thank you very much
Thanks for your positive feedback! I hope you find it useful. Cheers! JD
Hi dear
I would dare to say that your youtube tutorials are some of the best on the net on econometrics. A doubt regarding the table at minute 3:20. Is there any interpretation for the values of capital(3.52), productivity(1), returns(0.05) and wages(1.72)?
Thank you very much for your videos, they are very helpful for economics students.
Thanks for the positive feedback! The productivity is 1 because that’s the only source of fluctuation in the model and value in steady state. The capital is the capital stock, which in our economy is high. In developed economies tends to be 4 times the production (according to statistical data on the capital stock). Returns is the annual rate. Finally there is no real interpretation (as a ratio to product) for those variables. (H, R, W)… I hope that answers your questions. Good luck!
Nice presentation!
Thanks Saurav! Make sure to see the full course outline. Cheers!
@@JDEconomics I will, thank you!
Great presentation!
Thanks!
Make sure to check my website at www.jdeconomics.com
Also, there is a coupon code of 20% discount (valid until august 9th) to buy the material of this course. Code: dsge
Best regards!
JD
Hi JD, many thanks for this free course, really helpful! I have a question if I may. Although I'm using the same dataset and the do file, I keep getting the same error of "identification failure at starting values". I assigned different values to constraints, tried to change the order of the constraints and equations or just introduced 2-3 constraints but still got the same error. Also checked if it's because of the software, I used the examples on the help file of dsgenl but these worked fine. What could be the problem?
Hi! It is indeed normally the constraints values. Also, make sure that the stata you are using is 16 or newer. You can acquire the material too in case you need it: jdeconomicstore.com/b/dsge-models-in-stata
Kind regards,
JD
@@JDEconomics Thank you very much for the quick response! Actually, I'm considering for the Matlab version of this course but was just checking the free version first. Will look the material! Best, Ahmet.
@@ahmetihsankayathanks! Sure! I will submit in some time a New Keynesian In Matlab too. Cheers
Hi, thanks for sharing. When I try to estimate the rho, I have this error “=expo not allow”. Will it be because I have more shocks?
Hey, I’m not sure about that error message. Sorry about that
Hi JD what's saddle path stable is it steady-state or equilibrium level (trend)? thank you
Hi! DSGE models that do not spiral out of control or converge to a single point when shocked are said to be “saddle-path stable”. We can solve only saddle-path stable DSGE models, and we can estimate only the parameters of models we can solve. Regards, JD
hey bro theres is a way to set the subtitles for each impulse response graph from the do file?
Not that I am aware of. Sorry about that! Cheers
@@JDEconomics sorry bro, there is a way to save the data from the graph in a csv file?
i got it