The taget in PAC equation can be decomposed into an arbitrary number of components (variables
in the VAR auxiliary model).
TODO Iterative OLS estimation (which is not the preferred estimation routine).
TODO Decomposition in the routine evaluating the forecasts for each component.
– multiple “model” and “estimated_params” block are supported
– new “model_options” statement to set model options in a global fashion
– new “model_remove” command to remove equations
– new “model_replace” block to replace equations
– new “var_remove” command to remove variables (or parameters)
– new “estimated_params_remove” block to remove estimated parameters
These command solve the problem where agents think they know perfectly the
future (they behave as in perfect foresight), but make expectation errors.
Hence they can potentially be surprised in every period, and their expectations
about the future (incl. the final steady state) may change.
Currently the sequence of information sets needs to be passed through a CSV
file. Another interface may be added in the future.
The algorithm uses a sequence of (true) perfect foresight simulations (not
necessarily as many as there are periods, because if the information set does
not change between two periods, there is no need to do a new computation).
There are two possibilities for guess values:
— the default is to use the initial steady state for the simulation using the
first-period information set; then use previously simulated values as guess
values
— alternatively, with the terminal_steady_state_as_guess_value option, use the
terminal steady state as guess value for all future periods (this is actually
what the “true” perfect foresight solver does by default)
The Emacs lisp source file was failing byte-compilation, because the
“dynare-blocks” variable was used within an “eval-when-compile” block, while
its definition was not in such a block.
Accordingly update the MATLAB routines, the testsuite, and the manual.
In particular, “squeeze_shock_decomp” has been renamed to
“squeeze_shock_decomposition” for consistency with other commands.
Ref. #1687, !1655
- bugfix: in "model_name", the "model" part will no longer be colorized
- add colorization for on-the-fly type declarations
- no longer categorize dots as word constituents (they are not even symbol
constituents)
- no longer categorize @ and # as symbol constituents
* Font locking (colorization)
- all keywords for statements and blocks are now recognized (but not option names)
- MATLAB-style (single-quoted) strings now recognized
- improve handling of macroprocessor (but multiline macro commands/exprs not
yet working)
- recognize mathematical functions and constants (nan and inf)
- highlight the pound-sign for model-local variables
* Indentation
- basic indentation within blocks (offset customizable through option)
- more elaborate indentation (e.g. multiline equations or statements) not yet
working
Sébastien Villemot
Stéphane Adjemian (Ryûk)
Marco Ratto
Sébastien Villemot
Sébastien Villemot