Economics at your fingertips  

Dynare: Reference Manual Version 4

Stéphane Adjemian (), Houtan Bastani, Michel Juillard (), Frédéric Karamé (), Junior Maih (), Ferhat Mihoubi, Willi Mutschler (), George Perendia (), Johannes Pfeifer, Marco Ratto () and Sébastien Villemot ()

No 1, Dynare Working Papers from CEPREMAP

Abstract: 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
References: Add references at CitEc
Citations: View citations in EconPapers (130) Track citations by RSS feed

Downloads: (external link) Main text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Dynare Working Papers from CEPREMAP Contact information at EDIRC.
Bibliographic data for series maintained by Sébastien Villemot ().

Page updated 2021-10-26
Handle: RePEc:cpm:dynare:001