#249: bug in dynare_estimation_1.m or documentation ----------------------+----------------------------------------------------- Reporter: houtanb | Owner: Type: bug | Status: closed Priority: major | Milestone: 4.3 Component: General | Version: 4.2.5 Resolution: fixed | Keywords: ----------------------+-----------------------------------------------------
Comment(by houtanb):
updated here: 5271bad50c4c22c280ade42ff9d71c2ed4b76a9d
The mode isn't computed. When mode_file option is specified, the mode is simply read from that file.
When mode_file option is not specified, Dynare reports the value of the log posterior (log likelihood) evaluated at the initial value of the parameters.
When mode_file option is not specified and there is no estimated_params block, but the smoother option is used, it is a roundabout way to compute the smoothed value of the variables of a model with calibrated parameters.