Dear Friends,
This year the Dynare Summer School will take place from June 21-25,
2021.
Due to the coronavirus outbreak the school will take place online. The
courses will focus on the simulation and estimation of DSGE models with
Dynare.
More information is available on our website:
https://www.dynare.org/events/dynare-summer-school-2021-applications-open
If interested, you can apply by sending a CV and a recent research paper
(PDFs only) to school(a)dynare.org no later than May 15, 2021.
Best,
Stéphane
On behalf of the Dynare Team
Dear Dynare friends,
We are pleased to announce the release of Dynare 4.6.4.
This maintenance release fixes various bugs.
The Windows, macOS and source packages are already available for
download at the Dynare website.
All users are strongly encouraged to upgrade.
This release is compatible with MATLAB versions ranging from 7.9
(R2009b) to 9.10 (R2021a), and with GNU Octave version 6.2.0 (under
Windows).
Here is a list of the problems identified in version 4.6.3 and that
have been fixed in version 4.6.4:
Passing multiple shock values through a MATLAB/Octave vector in a
mshocks block would not work
The mode_compute=12 option was broken
The use_mh_covariance_matrix option was ignored
The load_mh_file option together with mh_replic=0 would not allow
computing moments_varendo for a different list of variables
The forecast option was ignored when using mode_compute=0 without
a mode-file to execute the smoother
The discretionary_policy command would crash in the presence of news
shocks
The ramsey_constraints block would crash if the constraints
contained defined parameters
Identification would display a wrong error message if a unit root was
present and diffuse_filter had been set
Particle filter estimation would crash if the initial state covariance
became singular for a draw
Particle filter estimation would crash if k_order_solver option
was specified with options_.particle.pruning
The initial state covariance in particle filter estimation could be
NaN when using nonlinear_filter_initialization=2
despite options_.particles.pruning=1
Output of smoother results when using particle filters would be based
on order=1
Output of moments_varendo results when using particle filters would
be based on order=1
When decreasing the order in .mod files, oo_.dr could contain
stale results from higher orders
Estimation results using the particle filter at order=3 would be
incorrect if the restricted state space differed from the unrestricted
one
The mode_compute=102 option (SOLVEOPT) could return with Inf instead
of the last feasible value
Using analytic_derivation for Bayesian estimation would result in
wrong results when the multivariate Kalman filter entered the steady
state stage
Using analytic_derivation for maximum likelihood estimation would
result in a crash
When using the Bayesian smoother with filtered_vars, the field
for Filtered_Variables_X_step_ahead used the length of vector instead
of the actual steps in filter_step_ahead
mode_compute=1,3 crashed when analytic_derivation was specified
mode_compute=1,3,102 did only allow for post-MATLAB 2016a option names
The cova_compute=0 option was not working with user-
defined MCMC_jumping_covariance
The mode_compute=1 option was not working with analytic_derivation
Not all commands were honouring the M_.dname folder when saving
LaTeX output of the simulated variance decomposition for observables
with measurement error could have a wrong variable label
As a reminder, the list of new features introduced in versions 4.6.x
can be found in the release notes for 4.6.0.
On behalf of the Dynare Team,
--
Sébastien Villemot
Economist at CEPREMAP
Dynare developer
https://sebastien.villemot.name
