Hi Sebastien, Michel,
It looks like there are still some things wrong in the new version. When we calculate the RMSEs (using FilteredVariablesKStepAhead), there are huge differences in some variables between 4.2.4 and an older version (1 quarter ahead RMSE for BLT_EU comes out to be 400 instead of 14).
Could you please check?
Thank you and Best,
Kadir
-----Original Message-----
From: gpm-maintainers-bounces(a)cepremap.org [mailto:gpm-maintainers-bounces@cepremap.org] On Behalf Of Sébastien Villemot
Sent: Friday, December 02, 2011 10:31 AM
To: GPM Maintainers
Subject: [GPM Maintainers] Fwd: [DynareDev] Release of Dynare 4.2.4
Hi,
We made a new release of Dynare which fixes a critical bug in 2nd order approximation, and a few other minor things.
You should really not use 4.2.3, so we strongly encourage you to upgrade to 4.2.4.
For estimating GPM6, you may still encounter issues with inverse gamma distribution priors with small variances. Previously Dynare was sometimes reporting wrong results in these cases: it is the new behavior which is correct. If you get an error, you should either increase the prior variance or calibrate the parameter.
Best,