Hi George,
no exogenous deterministic variable is something else. We need to define a new keyword for it. I think that we should discuss the whole interface needed by Joe in one block.
All the best,
Michel
G. Perendia wrote:
Thanks Michel
Instruments are needed for the QL project by Joe Pearlman and Paul Levine and Joe asked me yesterday to investigate if there is anything like that already in Dynare..
E.g. It is needed to define one or more variables appearing in the model as control instrument (e.g. interest rate) without having their own equation, very much alike shocks but they will be treated differently by the QL extension.
It sound like deterministic exogenous variable may be what they need and I will have a look at that over the weekend. - can one give time series for it
Best regards
George
----- Original Message ----- From: "Michel Juillard" michel.juillard@ens.fr To: "List for Dynare developers" dev@dynare.org Sent: Thursday, June 18, 2009 8:55 PM Subject: Re: [DynareDev] Instruments
I think that you mean deterministic exogenous variable. It exists but need to be tested again. In what context do you want to apply it?
Best
Michel
G. Perendia wrote:
Dear Michel (et al)
Is there a plan to include (control) instruments into Dynare models in addition to exogenous shocks - but handled separately, and if, what is
the
state of that development.
Best regards
George
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