Dynare: Reference Manual Version 4
Stéphane Adjemian (),
Michel Juillard (),
Frédéric Karamé (),
Junior Maih (),
Willi Mutschler (),
George Perendia (),
Marco Ratto () and
Sébastien Villemot ()
No 1, Dynare Working Papers from CEPREMAP
Dynare is a software platform for handling a wide class of economic models, in particular dynamic stochastic general equilibrium (DSGE) and overlapping generations (OLG) models. The models solved by Dynare include those relying on the rational expectations hypothesis, wherein agents form their expectations about the future in a way consistent with the model. But Dynare is also able to handle models where expectations are formed differently: on one extreme, models where agents perfectly anticipate the future; on the other extreme, models where agents have limited rationality or imperfect knowledge of the state of the economy and, hence, form their expectations through a learning process. Dynare offers a user-friendly and intuitive way of describing these models. It is able to perform simulations of the model given a calibration of the model parameters and is also able to estimate these parameters given a dataset. Dynare is a free software, which means that it can be downloaded free of charge, that its source code is freely available, and that it can be used for both non-profit and for-profit purposes.
Keywords: Dynare; Numerical methods; Perturbation; Rational expectations (search for similar items in EconPapers)
JEL-codes: C5 C6 C8 (search for similar items in EconPapers)
Pages: 225 pages
Date: 2011-04, Revised 2021-03
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