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Tools

 

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The Tools menu item includes:

State Variables

Compute smooth, update and 1-step ahead forecast estimates of the state variables at initial value, at DSGE posterior mode or posterior mode parameter values.

State Shocks

Compute the smooth and update estimates of the structural shocks at initial values, DSGE posterior mode or posterior mode parameter values.

Measurement Errors

Compute the smooth and update estimates of the measurement errors at initial values, DSGE posterior mode or posterior mode parameter values.

Belief Coefficients

Compute the belief coefficients from the PLM at initial values, DSGE posterior mode or posterior mode parameter values.

Laws Of Motion

Computes the laws of motion (PLM and ALM) for the forward looking variables as one-step-ahead forecasts along with the update estimate.

Persistence

Displays a persistence measure for the adaptive learning model and comparisons based on the steady-state and the model using rational expectations.

Log-Likelihood Function

Compute the log-likelihood function at initial values, DSGE posterior mode or posterior mode parameter values.

Predictive Distributions

Compute out-of-sample predictive distributions for the observed variables.

Decompositions

Compute decompositions of the observed variables and the state variables.

Impulse Responses

Compute impulse reponses of the observed variables and the state variables.

 

 

 


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