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The Dynare Masterclass: Our Summer School, redefined
by Willi Mutschler 25 Mar '26

25 Mar '26

Dear Colleagues, Applications are now open for the Dynare Masterclass 2026, the next evolution of our annual Dynare Summer School. This week-long (Mo-Fr), hands-on program covers the full DSGE modeling workflow using Dynare 7 — from simulating policy models through estimating New Keynesian models (GMM, IRF matching, Bayesian) to heterogeneous agent (HANK) models. Participants get daily open lab time with direct feedback from Dynare developers on their own work. The Masterclass welcomes - Master/PhD students - postdoctoral researchers - professors - junior as well as senior economists and professionals at central banks, ministries, universities, and research institutes — whether new to Dynare or looking to deepen their skills. Event Details - Dates: 6–10 July 2026 - Location: École Normale Supérieure, Paris - Application deadline: 20 April 2026 - Acceptance notifications: 2 May 2026 - Full announcement: https://www.dynare.org/events/dynare-masterclass-2026/ - Preliminary program: https://git.dynare.org/Dynare/dynare/-/wikis/Dynare-Masterclass-2026 Fees - Academic: 500 EUR - Institutional/Professional: 1,800 EUR - Fees include all meals, refreshments, and the social dinner on Thursday. How to Apply Please fill out the form and upload your CV and a recent research paper or work-in-progress (extended abstract, presentation) here: https://framaforms.org/dynare-masterclass-2026-1774368113 We look forward to seeing you in Paris. Best regards, The Dynare Team

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Release of Dynare 7.0
by Sébastien Villemot 19 Mar '26

19 Mar '26

Dear Dynare friends, We are pleased to announce the release of Dynare 7.0. This major release adds new features and fixes various bugs. The Windows, macOS, MATLAB Online and source packages are already available for download at the Dynare website [1]. This release is compatible with MATLAB versions ranging from 9.8 (R2020a) to 25.2 (R2025b), and with GNU Octave versions ranging from 8.4.0 to 11.1.0 (NB: the Windows package requires version 11.1.0 specifically). Major user-visible changes * New framework for solving and simulating models featuring rich heterogeneity (which includes HANK models) The solution technique for the dynamics combines elements from Bhandari, Bourany, Evans, and Golosov (2023) and Auclert, Bardóczy, Rognlie, and Straub (2021). The steady state can be computed through a time iteration method within Dynare, or computed outside of Dynare and then loaded therein. New statements heterogeneity_dimension, var(heterogeneity=NAME), varexo(heterogeneity=NAME), model(heterogeneity=NAME), shocks(heterogeneity=NAME), and the SUM() aggregation operator for declaring heterogenous features. New heterogeneity_compute_steady_state command to compute the steady state numerically. New heterogeneity_load_steady_state command to load a pre-computed steady state (policy functions, discretized shocks, stationary distribution) from a MAT file. New heterogeneity_solve command to compute a first-order linearized solution. New heterogeneity_simulate command to compute impulse response functions and stochastic simulations, with support for both unanticipated shocks and anticipated news shock sequences. Example .mod files include: Krusell-Smith (krusell_smith.mod), a one-asset HANK (hank_one_asset.mod), a two-asset HANK (hank_two_assets.mod), with steady state computation variants. The models are the same as in the Sequence-Space-Jacobian package (shade-econ/sequence-jacobian on GitHub). * Skew normal shocks and closed skew normal (CSN) distribution support New skew keyword in shocks and estimated_params blocks to declare skewness. Added support for skew normal shocks in stoch_simul command. Added support for skew normal shocks in estimation command by means of the Pruned Skewed Kalman Filter and Smoother of Guljanov, Mutschler, and Trede (forthcoming). * Posterior samplers New posterior samplers (available via the posterior_sampling_method option of the estimation command): The Dynamic Striated Metropolis Hastings sampler proposed by Waggoner, Wu, and Zha (2016) is now available under the value 'dsmh'; The Differential-Independence Mixture Ensemble (“DIME”) MCMC sampler of Boehl (2022) is now available under the value 'dime_mcmc'. New posterior_sampler_option options for posterior_sampling_method='slice': save_iter_info_file to shut off saving of iteration information to a file; fast_likelihood_evaluation_for_rejection to reject poor draws in OccBin more efficiently; use_prior_draws to use the prior as the proposal within slice (Gibbs) sampling for up to 10 draws. Sequential Monte Carlo (SMC) sampler: Trace plots now allow plotting the particles; Now supports the bayesian_irf, moments_varendo, and smoother options. * New functionality for leveraging MATLAB’s Parallel Computing Toolbox (PCT) for accelerating computations Computations that can be thus parallelized: running multiple Metropolis-Hasting chains in parallel (as set by the mh_nblocks option);SMC sampler initialization;parallel likelihood evaluations in SMC samplers. Controlled by a new use_pct option of the estimation command. If Dynare detects MATLAB R2024b or later with the PCT and a valid license, these supported tasks are parallelized by default (unless the user sets use_pct to false); random seeds are precomputed so results are reproducible between serial and parallel execution (thanks to Eduard Benet Cerda from MathWorks). * New options to the estimation command: estimate_initial_states_endogenous_prior, that estimates initial states along with model parameters, for stationary models; frequentist_smoother that allows shutting off the smoother in cases the Bayesian smoother is not applicable; use_univariate_smoother_if_singularity_is_detected to use the univariate Kalman smoother in case stochastic singularity is detected. * OccBin New piecewise linear particle filter (PPF). New posterior importance sampling feature: allows to bootstrap posterior draws obtained from e.g. linear KF estimation, using PKF or PPF and check effective sample size and estimator bias. * Improvements to the the method_of_moments command: It now supports estimation with discretionary optimal policy; With mom_method=SMM it now supports the bandpass_filter, one_sided_hp_filter, and hp_filter options to match filtered moments; It now allows matching first moments even when the prefilter option is used to obtain centered higher order moments. * Perfect foresight Improvements to perfect foresight solver with iterative linear solvers, i.e., GMRES (stack_solve_algo=2) and BiCGStab (stack_solve_algo=3): New preconditioner option to the perfect_foresight_solver and perfect_foresight_with_expectation_errors_solver commands, which controls the preconditioner used with GMRES or BiCGStab; The new default, preconditioner=first_iter_lu, does a LU decomposition with complete pivoting at the first Newton iteration, and uses it as a preconditioner in further iterations; The value preconditioner=block_diagonal_lu computes a block diagonal preconditioner based on a LU decomposition for only a few periods of the stacked system; The old default, using an incomplete LU decomposition, remains available under precondition=incomplete_lu; The first_iter_lu and block_diagonal_lu preconditioners deliver a significant performance improvement over the old default (incomplete_lu) and make this algorithm competitive and in some cases faster than other perfect foresight solvers; Other new options that control the behaviour of the iterative solvers: iter_tol, iter_maxit, gmres_restart, block_diagonal_lu_maxlu, block_diagonal_lu_nperiods, block_diagonal_lu_nlu, block_diagonal_lu_relu. New perfect foresight solvers: ParU from SuiteSparse, a direct sparse LU solver, available under the stack_solve_algo=8 option; Panua PARDISO direct sparse LU solver, available under the stack_solve_algo=9 option (license file has to be provided by the user); Panua PARDISO direct-iterative solver using CGS, available under the stack_solve_algo=10 option (license file has to be provided by the user). New perfect_foresight_controlled_paths block that gives the possibility of controlling the value of some endogenous variables for some simulation periods (in which case some exogenous variables must be left free and are thus solved for by Dynare, to avoid over-determination of the problem). Can be used either in a pure perfect foresight context, or in perfect foresight with expectation errors. Perfect foresight integration with dates/dseries: New options first_simulation_period and last_simulation_period to perfect_foresight_setup and perfect_foresight_with_expectation_errors_setup commands, to specify the real dates for the simulation (e.g. 2024Q1); The periods keyword of the shocks and mshocks blocks now accept real dates; The learnt_in option of the shocks, mshocks and endval blocks now accept real dates; When real dates are used, the perfect_foresight_solver and perfect_foresight_with_expectation_errors_solver commands return the simulation as a dseries object in the workspace variable Simulated_time_series (which contains both endogenous and exogenous variables). The perfect_foresight_with_expectation_errors_setup command can now be combined with a histval block or a histval_file command. New endval_steady_nocheck option to the perfect_foresight_solver and perfect_foresight_with_expectation_errors_solver commands, to skip checking the terminal steady state values when they are provided explicitly either by a steady state file or a steady_state_model block (in combination with the endval_steady option for the perfect_foresight_solver case). This is useful for models with unit roots as, in this case, the steady state is not unique or doesn’t exist. Using several endval blocks in the same file is now supported, in which case they are concatenated. Option values stack_solve_algo={2,3} are now available without block nor bytecode. New shock_paths block for describing a perfect foresight scenario in a more compact and flexible way, which supersedes the shocks, mshocks and endval blocks. Additionally, a new database command has been added to refer to external databases that can be used from within shock_paths. * Steady state The steady command now accepts the noprint option. The steady command now accepts the non_zero option (with the same meaning as in the resid command). Option values solve_algo={6,7,8} are now available without block nor bytecode. * Decision rules (reduced form solution) New dr=aim option to the stoch_simul, estimation and method_of_moments commands (equivalent to the former aim_solver option, which is now deprecated). New dr_cycle_reduction_maxiter option to the stoch_simul, estimation and method_of_moments commands, to control the maximum number of iterations when the cycle reduction algorithm is used. * Extended path New option use_first_order_solution to the the extended_path command. It is now possible to have zero-variance shocks. * Forecasting The forecast command now also works at higher order and supports the pruning option. Option forecast_type to shock_decomposition to allow shock decomposing conditional and unconditional forecasts. * Syntax More flexible syntax for specifying complementarity conditions: The complementarity condition is now specified between the associated equation and its closing semicolon, using the perpendicular symbol as a separator (the latter can be input either in UTF-8, as ⟂, corresponding to Unicode codepoint U+27C2; or alternatively as pure ASCII, as _|_, i.e. a vertical bar enclosed within two underscores); Both the lower and the upper bounds can be specified at the same time in a given complementarity condition; Arbitrary functions of parameters can appear in the bounds; The old syntax using the mcp equation tag is still supported but deprecated; Here is an example of an equation with an associated complementarity condition, using the new syntax: mu = 0 ⟂ 0 < i < 1+2*alpha; Model-local variables (i.e. defined with a # sign) can now appear with a lead or a lag in the model block (the expression by which they will be replaced will be shifted accordingly). The heteroskedastic_shocks block now supports dates syntax. * The osr command now supports using a planner_objective function to conduct welfare analysis at higher order. * Significant performance improvements for: Higher-order perturbation solution under Windows; Estimation with the analytic_derivation option. * New debugging information The multivariate Kalman filter smoother now allows using the debug option to display information on linear combinations causing stochastic singularity. dynare_minimize_objective now returns runtime, iterations, function evaluations, exitflag, and messages from all optimizers. The model_diagnostics command now: checks for redundant equations based on the dynamic Jacobian; displays equation tags of affected equations; displays its information in a more readable way. New debugging options to the perfect_foresight_solver command: check_jacobian_singularity to check the singularity of the dynamic Jacobian for stack_solve_algo option equal to 0, 2 or 3; allow_nonfinite_values to prevent the automatic removal of nonfinite values during Newton iterations, which may be useful for debugging purposes. * dseries New routines for converting annual data into quarterly data, and quarterly data into monthly data. New --print-table option to the dplot command, for displaying the results as a table instead of a plot. The dseries constructor based on a table is now available under Octave (requires the datatypes package). The dates and dseries classes now accept the string syntax (double quotes) in their constructor and methods. * The calib_smoother command now plots the smoother results. * New preprocessor option output=first that instructs the preprocessor to only compute first-order dynamic derivatives if no other command in the .mod file requires higher-order ones. * New irfs(distribution) option to the prior command from the command- line interface, for computing the prior distribution of the impulse response functions of the endogenous variables. * New structure M_.state_var storing information on the state variables in both declaration and decision-rule order. * References: Auclert, A., B. Bardóczy, M. Rognlie, and L. Straub (2021): “Using the Sequence‐Space Jacobian to solve and estimate heterogeneous‐agent models,” Econometrica, 89(5), 2375–2408. Bhandari, A., T. Bourany, D. Evans, and M. Golosov (2023): “A perturbational approach for approximating heterogeneous agent models,” NBER Working Papers, 31744. Boehl, G. (2022): “DIME MCMC: A Swiss Army Knife for Bayesian Inference”, SSRN Electronic Journal, https://dx.doi.org/10.2139/ssrn.4250395 Guljanov, G., W. Mutschler and M. Trede (forthcoming): “Pruned skewed Kalman filter and smoother with application to DSGE models,” Journal of Economic Dynamics and Control Waggoner, D. F., H. Wu and T. Zha (2016): “Striated Metropolis–Hastings sampler for high-dimensional models,” Journal of Econometrics, 192(2), 406–420. Incompatible changes * With the osr command, the legacy linear-quadratic approach with an optim_weights block now requires explicitly setting order=1. * The default filename produced by the savemacro option of the dynare command has changed. It now contains an underscore (instead of a dash), for better compatibility with MATLAB/Octave syntax. * Prior truncation is now shut off by default via setting prior_trunc=0. * The infile option of the smoother2histval command has been removed. An equivalent functionality can be obtained with the outfile option of the smoother2histval command and the histval_file command. * The det_cond_forecast, init_plan, basic_plan and flip_plan commands have been removed. A similar functionality is provided by the new perfect_foresight_controlled_paths block (or alternatively by the shock_paths block with and endogenize stanza). * The unit_root_vars command has been removed. It has been superseded by the diffuse_filter of the estimation command, and the nocheck option of the steady command. * Estimated standard errors internally now get a prefix stderr instead of just the name of the exogenous variable. * The deprecated dynare_sensitivity command has been removed, use the sensitivity command instead. * The hp_ngrid option was removed, use filtered_theoretical_moments_grid instead. * Declaring dsge_prior_weight as a parameter has been removed. It will be automatically added when using the dsge_var option of the estimation command. Bugs that were present in 6.5 and that have been fixed in 7.0 * The smoother2histval(outfile = …) command would store incorrect values for variables appearing with a lag of 2 or more. * Using several endval blocks in the same file could lead to incorrect results (this setup was not supported, but there was unfortunately no error message preveting users from doing this). Proper support for multiple endval blocks has been added (they are now concatenated). * The prior moments and prior optimize commands would crash. * The matched_irfs block would not accept a single entry following the weights keyword when there were multiple entries following the periods keyword, contrary to what the manual says. * The mode_compute=5 option of the estimation command would crash in case of an invalid initial parameter draw. * Uniform priors did not correctly check for invalid hyperparameter specifications. * The method_of_moments command would crash upon trying to randomize the starting value for steady state finding. * Filtered theoretical autocorrelation matrices at lag>0 in oo_.autocorr and oo_.gamma_y were erroneously transposed. * The mh_recover and load_mh_file options of the estimation command would not correctly work if the value of the mh_nblocks option was different from what was originally run. * The extended_path command would: not return the initial condition in oo_.exo_simul;crash if NaN was encountered in the solution;crash for purely forward or purely backward models. * The ramsey_model command would crash in the presence of external functions. * The model_info command would: not display the dynamic block structure if the block_static option was specified;sometimes crash when displaying the incidence matrix when passed the incidence option. * When running the estimation command with measurement errors: the logic for computing calibrated measurement error entries was broken;the analytic_derivation option would crash. * Using Weibull priors in estimation could trigger infinite loops. * The generalized Weibull prior distribution did not correctly take the third hyperparameter shifting the lower bound into account. * The display of problematic variables in debug mode for the perfect_foresight_solver command was broken. * OccBin posterior moments would crash when the smoother encountered an unsuccessful draw. * OccBin: when multiple solutions were found, the relaxation algorithm would crash. * The diffuse Kalman smoother would return incorrect smoothed state uncertainty. * The block decomposition in a perfect foresight context would occasionally crash Octave. * Using the forecast command with a model solved at order=2 with varexo_det, Dynare would return uncertainty bands based on a first- order approximation. * OccBin would not correctly sum the likelihood of detected multiple solution paths. * The identification command would ignore the kalman_algo option. On behalf of the Dynare Team, -- Sébastien Villemot Economist at CEPREMAP Co-leader of the Dynare project https://sebastien.villemot.name [1] the Dynare website https://www.dynare.org/download/

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[Deadline Extended] 20th Dynare Conference (Ottawa) & HANK Workshop
by Willi Mutschler 16 Mar '26

16 Mar '26

Dear colleagues, Due to several requests, we have decided to extend the submission deadline for the 20th Annual Dynare Conference to 31 March 2026 The conference will be held in person at the Bank of Canada in Ottawa, Canada, on 2-3 June 2026. It is organized by the Bank of Canada in collaboration with DSGE-net and the Dynare project at CEPREMAP. Keynote Speakers: Juan F. Rubio-Ramírez (Emory University) Serguei Maliar (Santa Clara University) We invite submissions of theoretical, empirical, and quantitative research on a wide range of macroeconomic topics. While the conference is hosted by the Dynare project, we welcome all contributions regardless of whether they use Dynare. Important Dates: New Submission Deadline: 31 March 2026 Notification of Acceptance: 10 April 2026 (expected) Workshop on HANK models: 1 June 2026 (free for conference participants) Conference Dates: 2-3 June 2026 Submission Procedure: Papers should be submitted via the online form available on the conference website:https://www.dynare.org/events/dynare-conference-2026/ There is no registration fee. Lunch and a conference dinner will be provided for all participants. Please note that authors of accepted papers are expected to cover their own travel and accommodation expenses. For any further inquiries, please contact: conference(a)dynare.org We look forward to receiving your submissions and seeing you in Ottawa! Best regards, The Scientific Committee Stéphane Adjemian, Anastasiia Antonova, Willi Mutschler, Chris Naubert, Johannes Pfeifer, Sébastien Villemot, and Yang Zhang

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SoFiE Summer School and Conference on DSGE Modelling – Brussels, 4-8 May 2026
by Stéphane Adjemian 10 Feb '26

10 Feb '26

Dear colleagues, I am writing to share the call for participation in the upcoming SoFiE Summer School and Conference on DSGE modelling, taking place 4-8 May 2026 at the National Bank of Belgium in Brussels. This event brings together researchers working on DSGE models and structural macroeconometrics. It consists of a three-day training school (4-6 May) on Bayesian Structural Macroeconometrics, covering DSGE to HANK estimation, policy analysis, and forecasting. The instructors are Marco Del Negro (Federal Reserve Bank of New York) and Frank Schorfheide (University of Pennsylvania). This will be followed by a two-day conference (7-8 May) on "DSGE Models: The present, the past, and the future" with panel discussions. To participate, please send your CV and a brief motivation statement to Prof. Leonardo Iania (leonardo.iania(a)uclouvain.be) with "SoFiE 2026" in the subject line by 1 April 2026. If you wish to present a paper during the training school, please indicate this and submit a draft. Acceptance decisions will be communicated by 5 April 2026. Please find the detailed call attached, which includes the full list of confirmed participants, registration fees, and practical information. Best regards, Stéphane.

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2Oth Dynare conference in Ottawa
by Stéphane Adjemian 11 Jan '26

11 Jan '26

Dear all, We are pleased to announce that the next Dynare conference will be held in person in Ottawa, Canada on 2-3 June 2026. The conference is organized by the Bank of Canada together with DSGE-net, and the Dynare project at CEPREMAP. The keynote speakers are Juan F. Rubio-Ramírez (Emory University) and Serguei Maliar (Santa Clara University). For detailed information, please refer to the website: https://www.dynare.org/events/dynare-conference-2026/ The deadline for submissions is March 15th, 2026, and notifications of acceptance will be sent by April 10th, 2026. Best, Stéphane.

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2026 Dynare Workshop for Advanced Users: save the date!
by Sébastien Villemot 09 Jan '26

09 Jan '26

Save the date: the 2026 Dynare Workshop for Advanced Users will be hosted by the Joint Research Center in Ispra (Italy) from 16 to 18 September 2026. The advertisement and call for applications will come out in Q2 2026. If you're interested, please save the date. We hope to see you in Ispra! For the Dynare Team, -- Sébastien Villemot Economist at CEPREMAP Co-leader of the Dynare project https://sebastien.villemot.name

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Release of Dynare 6.5
by Sébastien Villemot 24 Nov '25

24 Nov '25

Dear Dynare friends, We are pleased to announce the release of Dynare 6.5. This maintenance release fixes various bugs. The Windows, macOS, MATLAB online and source packages are available for download at the Dynare website [1]. This release is compatible with MATLAB versions ranging from 9.5 (R2018b) to 25.2 (R2025b), and with GNU Octave versions ranging from 7.1.0 to 10.3.0 (NB: the Windows package requires version 10.3.0 specifically). Here is a list of the problems identified in version 6.4 and that have been fixed in version 6.5: * Several issues in the nonlinear solver, used in e.g. numerical steady state computations, were fixed: it only directly accepted initial values equal to the solution if the Jacobian contained NaN or Inf; otherwise, the numerical solver was uselessly startedit erroneously accepted initial guesses with complex values when randomizing the starting pointit erroneously accepted initial guesses that contained Inf * Optimization would, in rare cases, erroneously apply an infinite penalty function value * In rare cases, the multivariate diffuse Kalman filter/smoother (kalman_algo=3) did not correctly exit the diffuse stage * The following problems with the estimation command were fixed: the point forecasts triggered by the forecast option did not take shock uncertainty into accountthe keep_kalman_algo_if_singularity_is_detected option did not work as advertised (option will be removed in Dynare 7)the EndTemperature suboption of the mode_compute=10 option (“simpsa”) was brokenthe mh_posterior_mode_estimation option was broken in conjunction with the method_of_moments commandthe nodecomposition option did not suppress all variance decompositionsthe posterior_sampling_method='slice' option did not save all files in the correct folderthe mh_recover option did not work correctly in conjunction with the posterior_sampling_method='slice' and posterior_sampler_options=('save_tmp_file', 1) optionsthe results of mode-finding were not correctly stored in oo_.posterior_mode for shock and measurement error correlations * The following problems with non-linear filters were fixed: the manual incorrectly stated that 1,000 instead of 5,000 particles was the defaultthe estimation command did not allow the pruning option to be set for higher-order estimationcombining options filter_algorithm=cpf and proposal_approximation=montecarlo of the estimation command returned incorrect resultsthe suboptions 'unscented_beta' and 'unscented_kappa' of the particle_filter_options option of the estimation command did not accept values of 0the filter_algorithm=gf and filter_algorithm=gmf options of the estimation command did not correctly handle correlated measurement error * The confidence bands of classical forecasts had incorrect coverage * Several issues with the forecast command used with exogenous deterministic variables (declared with the varexo_det command) were fixed: without measurement errors, it would store the upper bound of the confidence interval in the HPDinf field and the lower bound in the HPDsup fieldwith multiple measurement errors it would crash if not all observables were requested as outputsit would assign the output to the wrong variable names if a variable list was specified after the command * The discretionary_policy command did not accept the planner_discount_latex_name option, contrary to what the documentation says * The outfile option of the smoother2histval command would produce an incorrect file on models with two lags or more, leading to incorrect results when loading that file with the histval_file command * OccBin would occasionally crash upon encountering invalid parameter vectors * The example1_reporting.mod example file was broken As a reminder, the list of new features introduced in versions 6.x can be found in the release notes for 6.0 [2]. On behalf of the Dynare Team, -- Sébastien Villemot Economist at CEPREMAP Co-leader of the Dynare project https://sebastien.villemot.name [1] the Dynare website https://www.dynare.org/download/ [2] release notes for 6.0 https://www.dynare.org/new-dynare-release/dynare-6.0-released/

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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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