Manual: stochastic simulation with pruning now available at arbitrary order
Ref. #1643 [skip ci]kalman-mex
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@ -4619,9 +4619,9 @@ Computing the stochastic solution
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Discard higher order terms when iteratively computing
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Discard higher order terms when iteratively computing
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simulations of the solution. At second order, Dynare uses the
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simulations of the solution. At second order, Dynare uses the
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algorithm of *Kim, Kim, Schaumburg and Sims (2008)*, while at
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algorithm of *Kim, Kim, Schaumburg and Sims (2008)*, while at
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third order its generalization by *Andreasen,
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third order and higher its generalization by *Andreasen,
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Fernández-Villaverde and Rubio-Ramírez (2018)* is used.
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Fernández-Villaverde and Rubio-Ramírez (2018)* is used.
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Not available above third order. When specified, theoretical moments
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When specified, theoretical moments
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are based on the pruned state space, i.e. the computation of second moments
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are based on the pruned state space, i.e. the computation of second moments
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uses all terms as in *Andreasen, Fernández-Villaverde and Rubio-Ramírez (2018), page 10*
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uses all terms as in *Andreasen, Fernández-Villaverde and Rubio-Ramírez (2018), page 10*
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as opposed to simply providing a second-order accurate result based on the
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as opposed to simply providing a second-order accurate result based on the
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