Hi, thanks for this video, its verd helpful. From Prof Pfeifer I saw, that when we have a parameter that is dependent on other parameters (eg epsilon=(1-sigma)/sigma) then one should define that epsilon in the steady state file. How would you do that such that the new parameter is passed from the steady state file onto Dynare? And would you still have to state epsilon as a parameter in the mod file or do we only keep sigma in the parameters?
There are different ways to deal with endogenous parameters, either use model local variables (those #epsilon within the model block, or declare them as parameters and update them in the steady_state_model block. The latter is more for advanced users, because you need to be aware of this. If you are not estimating these parameters, then it really doesn't matter; however, if you are estimating, you need to take this into account and not estimate both parameters at the same time.
Hi, gratefull for this video. It is easier understand this information here. I have tried to acces certain content on your page as a 'homotopy tutorial' but it comes out The requested URL /dynare/computations/homotopy was not found on this server.
Very helpful. Could you make a tutorial on how to estimate parameters using Bayesian estimation? That is, specify the file of observable variables and the characteristics of the parameters (their pdf functions, possible values, etc.). I would greatly appreciate it.
Hi there, I built an extension of the Kiyotaky Mooore model. I’m trying to use Dynare to calibrate the model. I’ve tried so many times, even changing the equations order, and I’ve got the following error message: Warning: Some of the parameters have no value (q_ss, uu_ss, b_ss) when using steady. If these parameters are not initialized in a steadystate file or a steady_state_model-block, Dynare may not be able to solve the model… I’ve got this message so many times, I don’t know what is wrong. The parameters q_ss, uu_ss, b_ss are defined on the calibration section. Thank you very much for your help!
Have you raised your issue on the Dynare forum? It is our official support channel. The warning is quite obvious, you need to set values for the parameters some place in your mod file or in your steadystate file.
When evaluating the model equations at the steady state the residuals are supposed to be zero (or at least numerically close to it). If not, then the steady state was not correct.
good greeting I am working on a DSGE model to coordinate between fiscal and monetary policies, can you help me to estimate the model please and thank you very much I'm in trouble
I would recommend the Dynare forum to address your problems. The textbook by Herbst and Schorfheide - Bayesian estimation of DSGE models would be a good read on the theory to understand what Dynare does. Also, there are some TH-cam videos by the Dynare team on the topic.
@@wmutschl can u help me? I need Robert Barro macro Economics book 2008 addition or latest version in PDF format. If u have so please ping me. I will give email address. Thanku
Very helpful tutorial ! I’m driven mad by the no steady state error. Thank you very much.
Thanks!
Hi, thanks for this video, its verd helpful. From Prof Pfeifer I saw, that when we have a parameter that is dependent on other parameters (eg epsilon=(1-sigma)/sigma) then one should define that epsilon in the steady state file. How would you do that such that the new parameter is passed from the steady state file onto Dynare? And would you still have to state epsilon as a parameter in the mod file or do we only keep sigma in the parameters?
There are different ways to deal with endogenous parameters, either use model local variables (those #epsilon within the model block, or declare them as parameters and update them in the steady_state_model block. The latter is more for advanced users, because you need to be aware of this. If you are not estimating these parameters, then it really doesn't matter; however, if you are estimating, you need to take this into account and not estimate both parameters at the same time.
Hi, gratefull for this video. It is easier understand this information here. I have tried to acces certain content on your page as a 'homotopy tutorial' but it comes out
The requested URL /dynare/computations/homotopy was not found on this server.
sorry about that i haven't had the time to publish that yet
Very helpful. Could you make a tutorial on how to estimate parameters using Bayesian estimation? That is, specify the file of observable variables and the characteristics of the parameters (their pdf functions, possible values, etc.). I would greatly appreciate it.
It's on my agenda. I hope that I will have find time to finally add some more videos. Sorry about the delay.
how to write code for two variables in method 2?
Just add output arguments.
Hi there, I built an extension of the Kiyotaky Mooore model. I’m trying to use Dynare to calibrate the model. I’ve tried so many times, even changing the equations order, and I’ve got the following error message:
Warning: Some of the parameters have no value (q_ss, uu_ss, b_ss) when using steady. If these parameters are not
initialized in a steadystate file or a steady_state_model-block, Dynare may not be able to solve the model…
I’ve got this message so many times, I don’t know what is wrong. The parameters q_ss, uu_ss, b_ss are defined on the calibration section.
Thank you very much for your help!
Have you raised your issue on the Dynare forum? It is our official support channel. The warning is quite obvious, you need to set values for the parameters some place in your mod file or in your steadystate file.
Hello, when solving models in dynare, should I expect the residuals of the static equations to be zero for all equations?
When evaluating the model equations at the steady state the residuals are supposed to be zero (or at least numerically close to it). If not, then the steady state was not correct.
@@wmutschl Thanks, in that case should I start with equation number where steady state is not close to zero?
good greeting
I am working on a DSGE model to coordinate between fiscal and monetary policies, can you help me to estimate the model please and thank you very much I'm in trouble
I would recommend the Dynare forum to address your problems. The textbook by Herbst and Schorfheide - Bayesian estimation of DSGE models would be a good read on the theory to understand what Dynare does. Also, there are some TH-cam videos by the Dynare team on the topic.
hi, professor, i need your email, please i want to chang about my reachers
You can get in touch with me, the details are on mutschler.eu
@@wmutschl can u help me? I need Robert Barro macro Economics book 2008 addition or latest version in PDF format. If u have so please ping me. I will give email address.
Thanku