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Laws Of Motion

 

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Compute the update estimate, the forecast estimate and the perceived law of motion (PLM) estimate of the forward looking variables at the initial values, the DSGE posterior mode and the posterior mode parameter values. The actual law of motion (ALM) is given by the one-step-ahead forecast estimate.

 

Additional Information

1-step-ahead forecast and update estimates are discussed in Section 17.5 of the YADA Manual.

 

 

 


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