diff --git a/doc/dynare.texi b/doc/dynare.texi index ed7df79c3..2c2980023 100644 --- a/doc/dynare.texi +++ b/doc/dynare.texi @@ -2458,7 +2458,7 @@ in @ref{stoch_simul}, if the @code{periods} option is specified. Note that this in @ref{forecast} as the initial point at which the forecasts are computed @item -in @ref{conditional_forecast} as the initial point at which the conditional forecasts are computed +in @ref{conditional_forecast} for a calibrated model as the initial point at which the conditional forecasts are computed @item in @ref{Ramsey} policy, where it also specifies the values of the endogenous states at @@ -4480,7 +4480,9 @@ varobs @descriptionhead This block specifies @emph{linear} trends for observed variables as -functions of model parameters. +functions of model parameters. In case the @code{loglinear}-option is used, +this corresponds to a linear trend in the logged observables, i.e. an exponential +trend in the level of the observables. Each line inside of the block should be of the form: @@ -4489,7 +4491,7 @@ Each line inside of the block should be of the form: @end example In most cases, variables shouldn't be centered when -@code{observation_trends} is used. +@code{observation_trends} is used. @examplehead @@ -6661,7 +6663,7 @@ Use @code{plot_conditional_forecast} to graph the results. @item parameter_set = @code{calibration} | @code{prior_mode} | @code{prior_mean} | @code{posterior_mode} | @code{posterior_mean} | @code{posterior_median} Specify the parameter set to use for the forecasting. No default -value, mandatory option. +value, mandatory option. Note that in case of estimated models, @code{conditional_forecast} does not support the @code{prefilter}-option. @item controlled_varexo = (@var{VARIABLE_NAME}@dots{}) Specify the exogenous variables to use as control variables. No @@ -6770,6 +6772,8 @@ variables between the first and last specified period. If an intermediate period is not specified, a value of 0 is assumed. That is, if you specify only values for periods 1 and 3, the values for period 2 will be 0. Currently, it is not possible to have uncontrolled intermediate periods. +In case of the presence of @code{observation_trends}, the specified controlled path for +these variables needs to include the trend component. @end deffn