diff --git a/matlab/moment_function.m b/matlab/moment_function.m
index 6dcc21d81..428f8f180 100644
--- a/matlab/moment_function.m
+++ b/matlab/moment_function.m
@@ -15,7 +15,7 @@ function [g,flag] = moment_function(xparams,sample_moments,dataset,options,paral
 % SPECIAL REQUIREMENTS
 %  The user has to provide a file where the moment conditions are defined.
 
-% Copyright (C) 2010 Dynare Team
+% Copyright (C) 2010-2012 Dynare Team
 %
 % This file is part of Dynare.
 %
@@ -40,7 +40,11 @@ flag = 1;
 
 if nargin<5
     if isempty(mainStream)
-        mainStream = RandStream.getDefaultStream;
+        if matlab_ver_less_than('7.12')
+            mainStream = RandStream.getDefaultStream;
+        else
+            mainStream = RandStream.getGlobalStream;
+        end
         mainState  = mainStream.State;
     else
         mainStream.State = mainState;
diff --git a/matlab/set_dynare_seed.m b/matlab/set_dynare_seed.m
index a10531fa5..944d11e50 100644
--- a/matlab/set_dynare_seed.m
+++ b/matlab/set_dynare_seed.m
@@ -2,7 +2,7 @@ function set_dynare_seed(a,b)
 % Set seeds depending on matlab (octave) version. This routine is called in dynare_config and can be called by the 
 % user in the mod file.
 %    
-% Copyright (C) 2010-2011 Dynare Team
+% Copyright (C) 2010-2012 Dynare Team
 %
 % This file is part of Dynare.
 %
@@ -32,12 +32,20 @@ if matlab_random_streams% Use new matlab interface.
             options_.DynareRandomStreams.algo = 'mt19937ar';
             options_.DynareRandomStreams.seed = 0;
             s = RandStream(options_.DynareRandomStreams.algo,'Seed',options_.DynareRandomStreams.seed);
-            reset(RandStream.setDefaultStream(s));
+            if matlab_ver_less_than('7.12')
+                reset(RandStream.setDefaultStream(s));
+            else
+                reset(RandStream.setGlobalStream(s));
+            end
             return
         end
         if ischar(a) && strcmpi(a,'reset')
             s = RandStream(options_.DynareRandomStreams.algo,'Seed',options_.DynareRandomStreams.seed);
-            reset(RandStream.setDefaultStream(s));
+            if matlab_ver_less_than('7.12')
+                reset(RandStream.setDefaultStream(s));
+            else
+                reset(RandStream.setGlobalStream(s));
+            end
             return
         end
         if ischar(a)
@@ -47,7 +55,11 @@ if matlab_random_streams% Use new matlab interface.
             options_.DynareRandomStreams.algo = 'mt19937ar';
             options_.DynareRandomStreams.seed = a;
             s = RandStream(options_.DynareRandomStreams.algo,'Seed',options_.DynareRandomStreams.seed);
-            reset(RandStream.setDefaultStream(s));
+            if matlab_ver_less_than('7.12')
+                reset(RandStream.setDefaultStream(s));
+            else
+                reset(RandStream.setGlobalStream(s));
+            end
             return
         end
     elseif nargin==2
@@ -70,7 +82,11 @@ if matlab_random_streams% Use new matlab interface.
         options_.DynareRandomStreams.algo = a;
         options_.DynareRandomStreams.seed = b;
         s = RandStream(options_.DynareRandomStreams.algo,'Seed',options_.DynareRandomStreams.seed);
-        reset(RandStream.setDefaultStream(s));
+        if matlab_ver_less_than('7.12')
+            reset(RandStream.setDefaultStream(s));
+        else
+            reset(RandStream.setGlobalStream(s));
+        end
     end
 else% Use old matlab interface.
     if nargin==1
diff --git a/matlab/simulated_moments_estimation.m b/matlab/simulated_moments_estimation.m
index 141ce3a2e..74b30f78a 100644
--- a/matlab/simulated_moments_estimation.m
+++ b/matlab/simulated_moments_estimation.m
@@ -14,7 +14,7 @@ function [param,sigma] = simulated_moments_estimation(dataset,options,parallel)
 % SPECIAL REQUIREMENTS
 %  The user has to provide a file where the moment conditions are defined.
 
-% Copyright (C) 2010-2011 Dynare Team
+% Copyright (C) 2010-2012 Dynare Team
 %
 % This file is part of Dynare.
 %
@@ -269,7 +269,11 @@ fprintf(fid,['tmp([' num2str(variance_idx)  ']) = xparams(1:' int2str(nv) ').^2;
 fprintf(fid,'M_.Sigma_e = diag(tmp);')
 
 fprintf(fid,['stream=RandStream(''mt19937ar'',''Seed'',' int2str(slave_number) ');\n']);
-fprintf(fid,['RandStream.setDefaultStream(stream);\n\n']);
+if matlab_ver_less_than('7.12')
+      fprintf(fid,['RandStream.setDefaultStream(stream);\n\n']);
+else
+      fprintf(fid,['RandStream.setGlobalStream(stream);\n\n']);
+end
 
 fprintf(fid,['maxNumCompThreads(' int2str(threads_per_job) ');\n\n']);
 
diff --git a/matlab/smm_objective.m b/matlab/smm_objective.m
index 5a0773b02..806746369 100644
--- a/matlab/smm_objective.m
+++ b/matlab/smm_objective.m
@@ -15,7 +15,7 @@ function [r,flag] = smm_objective(xparams,sample_moments,weighting_matrix,option
 % SPECIAL REQUIREMENTS
 %  The user has to provide a file where the moment conditions are defined.
 
-% Copyright (C) 2010 Dynare Team
+% Copyright (C) 2010-2012 Dynare Team
 %
 % This file is part of Dynare.
 %
@@ -40,7 +40,11 @@ flag = 1;
 
 if nargin<5
     if isempty(mainStream)
-        mainStream = RandStream.getDefaultStream;
+        if matlab_ver_less_than('7.12')
+            mainStream = RandStream.getDefaultStream;
+        else
+            mainStream = RandStream.getGlobalStream;
+        end
         mainState  = mainStream.State;
     else
         mainStream.State = mainState;