Released on 09/12/2022:
• | YADA supports dynare model files including letting dynare performing log-linearization or linearization of non-linear DSGE models. The Run Dynare Parser on the Dynare Jobs menu item on the Actions menu takes care of this. |
• | Added sequential estimation of the Laplace approximation of the log marginal likelihood for DSGE models under rational expectations and adaptive learning, as well as for DSGE-VAR models. Model sequences can be selected and the tools run via items on the Model sequence menu-item on the File menu. |
• | Added sequential estimation of the continuous ranked probability scores (CRPS) and the energy scores (ES) for DSGE models under rational expectations and adaptive learning. |
• | Added unconditional forecasts for the posterior mode and initial values (and prior or posterior parameter draws) subject to the zero (effective) lower bound on nominal interest rates for DSGE models using anticipated shocks. It was previously possible to run conditional forecasts under the lower bound, but this has been removed in the current version. It's likely to be added in the next release. |
• | Added support for parallel computations of the CRPS and ES estimators. and for unconditional predictive distributions of the observed variables in DSGE models under rational expectations and subject to adaptive learning. |
• | Added support for parallel computations of the predictive likelihood and of the marginal predictive moments using prior and posterior draws for DSGE-VAR models as well as for DSGE models with either rational expectations or based on adaptive learning. |
Page url:
http://www.texlips.net/yada/help/index.html?5_00.htm