Dear Dynare users,
We are pleased to announce the release of Dynare 4.2.2.
This is a bugfix release.
The Windows package is already available for download at the official
Dynare website <http://www.dynare.org>. The Mac and Linux packages
should follow soon.
All users are strongly encouraged to upgrade.
This release is compatible with MATLAB versions ranging from 7.0 (R14)
to 7.13 (R2011b) and with GNU Octave versions ranging from 3.0 to 3.4.
Here is a list of the problems identified in version 4.2.1 and that have
been fixed in version 4.2.2:
* The secondary rank test following the order test of the Blanchard and
Kahn condition was faulty and almost never triggered
* The variance prior for BVAR “à la Sims” with only one lag was
inconsistent. The solution implemented consists of adding one extra
observation in the presample used to compute the prior; as a
consequence, the numerical results for all estimations will be
slightly different in future releases (thanks to Marek Jarociński for
spotting this)
* The `conditional_forecast' command was buggy: it was always using the
posterior mode, whatever the value of the `parameter_set' option
* `STEADY_STATE' was not working correctly with certain types of
expressions (the priority of the addition and substraction operators
was incorrectly handled)
* With the `block' option of `model', the preprocessor was failing on
expressions of the form "a^b" (with no endogenous in "a" but an
endogenous in "b")
* Some native MATLAB statements were not correctly passed on to MATLAB
(e.g. x = { 'foo' 'bar' } )
* `external_function' was crashing in some circumstances
* The lambda parameter for HP filter was restricted to integer values
for no good reason
* The `load_mh_file' option of `estimation' was crashing under Octave
for Windows (MinGW version)
* Computation of steady state was failing on model contains auxiliary
variables created by leads or lags larger than 2 or by of the
`EXPECTATION' operator
* Compilation of MEX files for MATLAB was failing with GCC 4.6
On behalf of the Dynare team,
--
Sébastien Villemot
Researcher in Economics at CEPREMAP & Debian Maintainer
http://www.dynare.org/sebastien
Phone: +33-1-40-77-49-90 - GPG Key: 4096R/381A7594
