Dear Dynare users and friends,
We are pleased to announce the release of Dynare 4.5.2.
This is a bug fix release.
The Windows packages are already available for download at:
http://www.dynare.org/download/dynare-stable
The Mac and GNU/Linux packages (for Debian and Ubuntu LTS) should follow soon.
This release is compatible with MATLAB versions 7.3 (R2006b) to 9.3 (R2017b) and with GNU Octave versions 4.2.
Here is a list of the problems identified in version 4.5.1 and that have been fixed in version 4.5.2:
- Fixed bug in perfect foresight solver:
+ If expected shocks were declared after the terminal period, as specified by the `periods` option, Dynare was crashing.
+ Models declared with the `linear` option were crashing if exogenous variables were present with a lead or lag.
- After ML or Bayesian estimation when the smoother option or `mh_replic=0` were not specified, not all smoothed measurement errors were displayed.
- Fixed error in reference manual about the `conditional_forecasts` command.
- Fixed smoother behaviour, provide informative error instead of crashing when model cannot be solved.
- The `nopathchange` preprocessor option was always triggered, regardless of whether it was passed or not.
- When `ramsey_policy` is used, allow state variables to be set in `histval` block.
- `histval` erroneously accepted leads, leading to cryptic crashes.
- The prior MC draws from previous runs were not deleted, potentially resulting in loading stale files.
- `estim_params_` was being declared `global` more than once.
- Fixed crashes happening when simulating linear models with order>1.
- Make empirical moments independent of `simul_replic`, as stated in the reference manual, by outputting moments computed with the first simulated sample.
- The `prior_function` required a preceding `estimation`-command to properly set up the prior.
- If the mode for a parameter was at exactly 0, `mode_check` was crashing.
- Fixed `get_posterior_parameters`-routine which should not do more than getting parameters. As a consequence, the `shock_decomposition`-command did not correctly set the `parameter_set` for use in subsequent function calls if shocks are correlated or measurement error is present.
- Fixed bug in Ramsey problem with constraints both on a policy instrument and another variable. Note that the constraint on a variable that is not an instrument of the Ramsey problem must be written with an equation tag in the model block.
- Fixed bug in Ramsey problem with constraints on policy instrument.
- Fixed crash with optimizer 5 when not used with DSGE model at order 1.
- Fixed mex file used for third order approximation (was crashing on Matlab/Windows 7).
On behalf of the Dynare Team, Stéphane.
Stéphane Adjemian https://stepan.adjemian.eu