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Release of Dynare 6.4
by Sébastien Villemot 27 Jun '25

27 Jun '25

Dear Dynare friends, We are pleased to announce the release of Dynare 6.4. This maintenance release fixes various bugs. The Windows, macOS, MATLAB online and source packages are available for download at the Dynare website. This release is compatible with MATLAB versions ranging from 9.5 (R2018b) to 25.1 (R2025a), and with GNU Octave versions ranging from 7.1.0 to 10.2.0 (NB: the Windows package requires version 10.2.0 specifically). Here is a list of the problems identified in version 6.3 and that have been fixed in version 6.4: * Several issues with the perfect_foresight_with_expectation_errors command: when used with no endval/endval(learnt_in=1) block but an endval(learnt_in=t) block with t>1, convergence could fail if homotopy was neededcombined with homotopy_marginal_linearization_fallback, it would return incorrect resultsit would crash with homotopy_marginal_linearization_fallback option if there were several distinct shocks or endval blocks with the learnt_in option * Using the model_diagnostics command with the bytecode option of the model block or the model_options command would crash if the static Jacobian was singular * The discretionary_policy command with the noprint option would crash when encountering a problem instead of continuing * Using the ramsey_model command with models declared as linear would crash during preprocessing when there is a lead/lag greater than 1 on endogenous variables or any lead/lag on exogenous variables * Using the identification command with the slice sampler would crash if the slice_initialize_with_mode option was used * The particle filter option resampling_method of the estimation command was broken * The output=third preprocessor option would not work if no computational commands were present in the .mod file As a reminder, the list of new features introduced in versions 6.x can be found in the release notes for 6.0. On behalf of the Dynare Team, -- Sébastien Villemot Economist at CEPREMAP Dynare developer https://sebastien.villemot.name

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Fourth Dynare workshop for advanced users
by Stéphane Adjemian 01 Mar '25

01 Mar '25

Dear all, We will organize a workshop for advanced users of Dynare (fourth edition). The event will be hosted by the Joint Research Center (Ispra, Italy) from Wednesday to Friday September 17-19 2025. More information on our website: https://www.dynare.org/events/dynare-workshop-for-advanced-users-2025-open/ Best regards, Stéphane.

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Release of Dynare 6.3
by Stéphane Adjemian 20 Feb '25

20 Feb '25

Dear all, We are pleased to announce the release of Dynare 6.3. This maintenance release fixes various bugs. The Windows, macOS, MATLAB online and source packages are available for download at the Dynare website. This release is compatible with MATLAB versions ranging from 9.5 (R2018b) to 24.2 (R2024b), and with GNU Octave versions ranging from 7.1.0 to 9.4.0 (NB: the Windows package requires version 9.4.0 specifically). Here is a list of the problems identified in version 6.2 and that have been fixed in version 6.3: * OccBin with option smoother_inversion_filter would crash the MCMC estimation if the filtered_variables or filter_step_ahead options were used * OccBin with option smoother_inversion_filter would use the PKF if mh_replic>0 * OccBin with option smoothed_state_uncertainty would crash Dynare if the MCMC smoother was run after the classical one * OccBin's smoother would crash when encountering an internal error due to the output of the linear smoother not having been computed * Calling model_info with differentiate_forward_vars would crash * The identification command would compute the asymptotic Hessian via simulation instead of via moments as intended * The identification command would crash during prior sampling if the initial draw did not solve the model * The gsa_sample_file was broken * Optimization algorithm mode_compute=5 (newrat) would crash with analytic_derivation * The discretionary_policy command would crash if the model was purely forward-looking * The dsample command would crash * The conditional_forecast_paths block did not accept vector inputs * For MCMC chains with fewer than 6000 draws, the default number of sub_draws used to compute posterior moments was incorrect * Bi-annual dates (e.g. 2024S1 or 2024H1) were not accepted within Dynare statements * Plotting dseries did not correctly show dates on the x-axis As a reminder, the list of new features introduced in versions 6.x can be found in the release notes for 6.0. On behalf of the Dynare Team, Best, Stéphane

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19th Dynare conference in Helsinki
by Stéphane Adjemian 06 Feb '25

06 Feb '25

Dear all, We are pleased to announce that the next Dynare conference will be hosted by the Bank of Finland on June 5-6, 2025. The keynote speakers will be Matteo Iacoviello (Federal Reserve Board) and Leonardo Melosi (University of Warwick). For detailed information, please refer to the attached file. Additional updates will be available on our website https://www.dynare.org/events/dynare-conference-2025 The deadline for submissions is March 16th, 2025, and notifications of acceptance will be sent by April 11th, 2025. Best, Stéphane

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Release of Dynare 6.2
by Sébastien Villemot 26 Sep '24

26 Sep '24

Dear Dynare friends, We are pleased to announce the release of Dynare 6.2. This maintenance release fixes various bugs. The Windows, macOS, MATLAB online and source packages are available for download at the Dynare website. This release is compatible with MATLAB versions ranging from 9.5 (R2018b) to 24.2 (R2024b), and with GNU Octave versions ranging from 7.1.0 to 9.2.0 (NB: the Windows package requires version 9.2.0 specifically). Here is a list of the problems identified in version 6.1 and that have been fixed in version 6.2: * The mixed complementarity problem (MCP) solver could fail or give wrong results in some cases where there were multiple complementarity conditions * The qmc_sequence MEX file from the macOS package would fail to load * OccBin forecasts would crash in case of shocks with zero variance * OccBin smoother would crash if simulation did not converge * Computation of posterior moments could crash in large models * The auxiliary particle filter and the Liu & West online filter (mode_compute=11) required the Statistics Toolbox * The auxiliary particle filter and the Liu & West online filter (mode_compute=11) would not work with the discretionary_policy command * The discretionary_policy command would crash if there were fewer than two exogenous variables * Using the forecast command with a model solved at order>1 without varexo_det would return forecasts based on a first order approximation instead of providing an error message * Using the forecast command with a model solved at order=2 with varexo_det and pruning would return forecasts without pruning instead of providing an error message * Using the forecast command with a model solved at order=3 would crash * SMC methods could return wrong posterior results if the Parallel Toolbox was installed * The Herbst-Schorfheide SMC sampler would crash at order>1 * Annualized shock decomposition would not output results if desired vintage date did not coincide to an end-of-the-year Q4 period * Using rand_multivariate_student as the proposal density in the tailored_random_block_metropolis_hastings posterior sampler would return wrong results * The onlyclearglobals of the dynare command was not working as intended * The det_cond_forecast command would crash with plans including only expected shocks * Estimation could crash in some rare cases when computing the 2nd order moments of prior or posterior distribution * Successive calls of the Herbst-Schorfheide SMC sampler could crash due to some stale files being left on disk * The shock decomposition plot could be wrong in the presence of leads/lags on exogenous variables, or when the steady state is squeezed As a reminder, the list of new features introduced in versions 6.x can be found in the release notes for 6.0. On behalf of the Dynare Team, -- Sébastien Villemot Economist at CEPREMAP Dynare developer https://sebastien.villemot.name

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18th Dynare conference in Singapore
by Stéphane Adjemian 20 Aug '24

20 Aug '24

Dear all, Next Dynare conference will be hosted by the National University of Singapore, from 12th to 13th December 2024. Keynote speakers will be Eric Leeper (University of Virginia) and Todd Schoellman (Federal Reserve Bank of Minneapolis). More information on our website: https://www.dynare.org/events/dynare-conference-2024/ Deadline for submissions is August 15, 2024. Best, Stéphane.

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Release of Dynare 6.1
by Sébastien Villemot 02 May '24

02 May '24

Dear Dynare friends, We are pleased to announce the release of Dynare 6.1. This maintenance release fixes various bugs. The Windows, macOS, MATLAB online and source packages are already available for download at the Dynare website. This release is compatible with MATLAB versions ranging from 9.5 (R2018b) to 24.1 (R2024a), and with GNU Octave versions ranging from 7.1.0 to 9.1.0 (NB: the Windows package requires version 9.1.0 specifically). Here is a list of the problems identified in version 6.0 and that have been fixed in version 6.1: * Identification: simulated moments were triggered instead of theoretical ones * Variance decompositions would crash with measurement errors when zero variance shocks were present * The handling of Lagrange multipliers in the display of problems with the Jacobian was wrong * The option auxname was missing in the documentation of the pac_model command * PAC equation estimation/simulation was crashing in the case of composite target * The PAC equation estimation would crash if the PAC target was a transformed variable * The perfect_foresight_with_expectation_errors_solver command could return incorrect results when used in conjunction with homotopy_linearization_fallback or homotopy_marginal_linearization_fallback options * For scalar values, the description of the horizon option of the var_expectation_model command was incorrect * The steady state computation with the bytecode option in a Ramsey model was broken * OccBin: the piecewise Kalman filter would crash in case of a periodic solution * The heteroskedastic_filter option of the estimation command would cause a crash if there was only one shock * The method_of_moments command would crash during the J-test for just and underidentified models * User-defined warning settings were internally overwritten with the method_of_moments command or the piecewise Kalman filter * The SMC sampler would crash if any of the bayesian_irf, moments_varendo, or smoother options of the estimation command had been specified * The bvar_irf command would ignore the SquareRoot option and instead employ a Cholesky decomposition * The univariate Kalman filter erroneously treated observations with negative prediction variances due to numerical issues as missing values instead of discarding the parameter draw Moreover, a new homotopy_exclude_varexo option to theperfect_foresight_solver command has been added, to exclude some exogenous variables from the homotopy procedure (i.e. to keep them at their value corresponding to 100% of the shock during all homotopy iterations). As a reminder, the list of new features introduced in versions 6.x can be found in the release notes for 6.0. On behalf of the Dynare Team, -- Sébastien Villemot Economist at CEPREMAP Dynare developer https://sebastien.villemot.name

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Third Dynare workshop for advanced users
by Stéphane Adjemian 21 Mar '24

21 Mar '24

Dear all, We will organize a workshop for advanced users of Dynare (third edition). The event will be hosted by the Joint Research Center (Ispra, Italy) from Wednesday to Friday September 18-20 2024. More information on our website: https://www.dynare.org/events/dynare-workshop-for-advanced-users-2024-open/ Deadline for submissions is 30 April 2024. Best regards, Stéphane.

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Dynare in Julia available for testing
by Sébastien Villemot 14 Mar '24

14 Mar '24

Dear Dynare friends, Dynare.jl, an alternative implementation of Dynare in Julia, is now ready for testing by users. The following features are implemented: * steady state; * local approximation of the solution at 1st and 2nd order; * perfect foresight simulations; * forecasting; * optimal policy. Julia is an open source programming language. It is recommended to use it with VScode. See also Julia in Visual Studio Code. Documentation is available at: https://DynareJulia.github.io/Dynare.jl. Installation in Julia can be done with the following commands: julia> using Pkg julia> pkg"add Dynare" Thank you for reporting any error, question or desired additional feature on the Dynare forum or as a GitHub issue. For the Dynare Team, -- Sébastien Villemot Economist at CEPREMAP Dynare developer https://sebastien.villemot.name

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Dynare Summer School 2024
by Stéphane Adjemian 06 Feb '24

06 Feb '24

Dear all, This year the Dynare Summer School will be hosted, from May 27 to May 31, 2024, by École Normale Supérieure (Campus Jourdan, Paris, France). The course will focus on simulation and estimation of DSGE models with Dynare. More information is available on our website: https://www.dynare.org/events/dynare-summer-school-2024-applications-open Applications should be sent to school(a)dynare.org (with a CV and a recent research paper attached as PDFs) no later than March 17, 2024. Best regards, Stéphane.

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