diff --git a/doc/dynare.texi b/doc/dynare.texi index 617618d2e..21375f1a9 100644 --- a/doc/dynare.texi +++ b/doc/dynare.texi @@ -4172,7 +4172,7 @@ end; @deffnx Block estimated_params_init (@var{OPTIONS}@dots{}); This block declares numerical initial values for the optimizer when -these ones are different from the prior mean. +these ones are different from the prior mean. It should be specified after the @code{estimated_params}-block as otherwise the specified starting values are overwritten by the latter. Each line has the following syntax: @@ -4186,7 +4186,7 @@ stderr VARIABLE_NAME | corr VARIABLE_NAME_1, VARIABLE_NAME_2 | PARAMETER_NAME @table @code @item use_calibration -Use the parameters from calibration as starting values for estimation. +For not specifically intialized parameters, use the deep parameters and the elements of the covariance matrix specified in the @code{shocks}-block from calibration as starting values for estimation. For components of the @code{shocks}-block that were not explicitly specified during calibration or which violate the prior, the prior mean is used. @end table @xref{estimated_params}, for the meaning and syntax of the various components.