#acl DynareWriterGroup:read,write,delete,revert DynareTeamGroup:read,write,delete,revert,admin All:read = ACES LQ Implementation Interface Requirements = == User options when invoking and running ACES Linear Quadratic approximation == Those user optinos need to be provided as a part of ACES LQ integration and its interface with Dynare. When not specified as interactive it is expected to be provided as a part of the model file model specification. ||'''Option'''||'''Meaning and description'''||'''Poss./Def. val (in bold)'''||'''Ineractive [1]'''|| ||planner_discount || as currently used in Ramsey || 0.1-0.99 || || ||instruments||as currently used in Ramsey || || || ||use_aces_lq_solver || option to invoke ACES LQ unless separate application used || || || ||aceslq_seedvar||Choice of variable(s) that characterises the initial guess of the steady state of the state – used in the MATLAB steady state solver (may differ from the choice of the instrument) || User choice|| || ||aceslq_lambda_w|| search Relaxation weight – used in the main work of relaxation method (MATLAB_LQ) || 0.5|| M|| ||aceslq_maxiter||Maximum number of relaxation iteration || 500|| M|| ||aceslq_accuracy|| Accuracy used to compare real numbers (ACES)||A small real number e.g. 1E-6|| || ||aceslq_ubound||Specifies the upper bounds in the NAG search (ACES)|| User’s choice as an option if ibound=0|| || ||aceslq_lbound||Specifies the lower bounds in the NAG search (ACES)|| User’s choice as an option if ibound=0|| || ||aceslq_igrid||Used to ask for a grid search in SIM (ACES) – SETGD subroutine required if igrid=0||1 – grid search not required but user must provide the exact values of coefficients used in the simple rule||F&M|| ||aceslq_ITMAX_OPT||max no of iteration in OPT (ACES)|| 20 || || ||aceslq_ITMAX_TCT||max no of iteration in TCT (ACES)|| 5000 || || ||aceslq_ITMAX_SIM||max no of iteration in SIM (ACES)|| 1000 || || ||aceslq_SIM_search_step_size||optional initial_SIM search step_size|| 0.5||F&M|| ||aceslq_min_SIM_search_step_size|| optional minimal SIM search step_size||0.01||F&M|| ||Choose Optimiser||Choose Optimiser or exit || ||M|| || || '''Expected for later releases:''' || || || ||aceslq_MCMC_model|| model to be used in Optimal Simple Robust Rules function:i.e. original estimation model name for the MCMC draws|| || || ||aceslq_MCMC_selection_method||Choose selection method: random || '''random''' or fixed|| || ||aceslq_MCMC_draw_interva|| for Fixed: what draws to select interval|| 10|| || ||aceslq_MCMC_draw_number|| how many ||5000|| || ||aceslq_MCMC_start_end|| and from which end: options|| start or '''end''' || || Notes [1]: M-Matlab only, F&M- Fortan and Matlab