If you run into problems with Dynare that you can’t seem to resolve by looking at the manual, the Dynare Forum is a good place to turn. If you’re a beginner, odds are someone else has run into the same problem as you, so make sure you search the forum for similar questions. Otherwise, feel free to make an account and ask a question yourself. If you’re a more experienced user, heading to the forum from time to time will allow you to learn the intricacies of Dynare and you might just be able to help out someone else out!
If you would like to be informed of recent Dynare news by email (new releases, Summer School, and Conference dates), feel free to sign up to receive notifications. This is a low traffic list; you’ll receive at least 2 and on average 4 emails per year, depending on how many releases we create.
We organize a weeklong summer school every year in June where we teach students how to use Dynare. The fee for students is minimal (equal to expenses on lunches and one dinner) so as to encourage participation. If this interests you, please keep a look out for the opening of the application period in April.
For those who want to quickly have something running, the Quick Start page explains how to setup Dynare on Windows and to run your first model file.
The Dynare Manual is the best place to go to understand the Dynare syntax,
commands, and options. The
.html versions of the manual are
distributed with each Dynare release and also available here:
Dynare Team Presentations
Deterministic Models: Perfect foresight, nonlinearities and occasionally binding constraints, by Sébastien Villemot
Introduction to DSGE modeling (in French), by Sébastien Villemot
Introduction to the internals of the Dynare Preprocessor, by Houtan Bastani and Sébastien Villemot
Macro Processor Tutorial, by Houtan Bastani and Sébastien Villemot
Tutorial on using the Preprocessor’s JSON output, by Houtan Bastani
Guide to Specifying Observation Equations for the Estimation of DSGE Models, by Johannes Pfeifer
Introduction to Graphs in Dynare, by Johannes Pfeifer
Videos, tutorials and teaching materials for Dynare, by Willi Mutscher
Solving rational expectations models at first order: what Dynare does, by Sébastien Villemot
Solving and estimating stochastic models with block decomposition, by Ferhat Mihoubi
Dynare implementations of published models
- Bernanke, Gertler, and Gilchrist, 1999. “The Financial Accelerator in a Quantitative Business Cycle Framework,” NBER Working Papers 6455
- Carlstrom and Fuerst, 1997. “Agency Costs, Net Worth, and Business Fluctuations: A Computable General Equilibrium Analysis,” American Economic Review, vol. 87(5), pages 893-910, December
- Schmitt-Grohe, Stephanie & Uribe, Martin, 2003. “Closing small open economy models,” Journal of International Economics, vol. 61(1), pages 163-185, October
The database now covers more than 100 models, ranging from small-, medium- and large-scale DSGE models to earlier-generation New-Keynesian models with rational expectations and more traditional Keynesian-style models with adaptive expectations. It includes models of the United States, the Euro Area, Canada, and several small open emerging economies. Some of the models explicitly incorporate financial frictions.
A collection of Dynare models that demonstrates Dynare best practices, providing mod files to replicate important models.
This toolbox uses the standard output of Dynare to: (i) plot the Markov chain Monte Carlo (MCMC), (ii) plot the ergodic distribution of the posterior distribution, (iii) plot the prior versus the posterior distribution, together with the mode of the posterior, (iv) assess the convergence of the MCMC chain through CUSUM procedure, and (v) compare the correlation between the estimated parameters implied by both the Hessian and the chain. The toolbox makes use of few MATLAB routines of Dynare 4.3.
A set of routines that solve models with occasionally binding constraints using Dynare.
Learn how to perform a stochastic simulation of a small model with Dynare in ten minutes!
Originally written by Ondra Kamenik, Dynare++ is a C++ library that computes higher order approximations of DSGE models via a perturbation method. It is available as a standalone executable program (shipped with the Dynare installer) and is also used by Dynare to compute higher order approximations.
Solving Stochastic Dynamic Equilibrium Models: A K-order Perturbation Approach, a paper by Michel Juillard and Ondra Kamenik that describes the overall algorithm
the Dynare++ tutorial, that describes the usage of the standalone executable
a description of the algorithm used for Ramsey optimal policy in Dynare++
a description of the algorithm used for solving the specialized Sylvester equation
the internal documentation of the tensor library