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Setting Up a DSGE Model

 

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A DSGE model in YADA includes the following components:

Data Construction File

A required user-written Matlab function where all the data are provided to YADA.

Measurement Equation File

A required user-written Matlab function where the parameter matrices for the measurement equation are provided to YADA.

Prior Distribution File

A required user-written spreadsheet (Excel or Lotus 1-2-3) where the parameters to estimate are specified and where prior distribution information is given.

System Prior Density File

An optional user-written Matlab function where a prior for system features conditional on the parameters of the model can be specified as the natural logarithm of the system prior density function.

File with Parameters to Update

An optional user-written Matlab function where parameter functions for parameters that depend on estimated parameters are defined.

File with Parameters to Initialize

An optional user-written Matlab function where parameter function for parameters that do not depend on estimated parameters are defined.

AiM Model File

A required text file, where the log-linearized DSGE model is defined in terms of deviations from steady-state.

 

 

 


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