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Dynare Installation and Tutorial Guide

1. The document describes how to run Dynare, an open source software package for dynamic stochastic general equilibrium (DSGE) modeling, using MATLAB. It provides step-by-step instructions for downloading, installing, and testing Dynare on a sample macroeconomic model. 2. The Macroeconomic Model Data Base is an archive of DSGE models built using Dynare and MATLAB that allows users to systematically compare different macroeconomic models. It provides a graphical user interface to select models, policy rules, shocks and perform simulations and impulse response analyses. 3. The example demonstrates using the Macroeconomic Model Data Base interface to select the HK_FFP11 DSGE model of the Hong Kong economy and conduct autocor

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Kenn
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36 views4 pages

Dynare Installation and Tutorial Guide

1. The document describes how to run Dynare, an open source software package for dynamic stochastic general equilibrium (DSGE) modeling, using MATLAB. It provides step-by-step instructions for downloading, installing, and testing Dynare on a sample macroeconomic model. 2. The Macroeconomic Model Data Base is an archive of DSGE models built using Dynare and MATLAB that allows users to systematically compare different macroeconomic models. It provides a graphical user interface to select models, policy rules, shocks and perform simulations and impulse response analyses. 3. The example demonstrates using the Macroeconomic Model Data Base interface to select the HK_FFP11 DSGE model of the Hong Kong economy and conduct autocor

Uploaded by

Kenn
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Ru

unDynareon
ntheMacroM
ModelDataBase
LiPinJuan
n
Preliiminary.........................................................................................................................................1
TheMacroecono
omicModelD
DataBase.............................................................................................3

Pre
eliminary
y
Toru
unDynare,youhavethechoiceofhavingitwork withGNUOcctaveorMatthWorksMATTLAB.
Heree,Idemonstrratetheasso
ociatedsettin
[Link]
freeOctave,youmayreferto
othewebsitee:[Link]
[Link]/documenttationand
port/quicksttart.
supp
1 AssumingyoualreadyinstallMATTLABonyourrcomputer,downloadth
1.
heDynare4.2
2
[Link]/download
d
installeratthewebsiite[Link]
2 DoublecclickontheD
2.
Dynareinstallerandfollow
wtheinstrucctions.
3 RunMATTLABandcon
3.
nfigureMATLLABforDynaare:
a. C
ClickontheM
MATLABFileemenu
b. C
ClickontheSetPathm
menuentry
c. C
ClickontheAddFolder
button.
d. IInthepopup
pdialogwind
dow,selectthematlab subdirectoryyofyourDyn
nare
[Link],,ifyouhaveinstalledDyn
nare4.2.5inthestandard
d
location,seleect
c:\dynaree\4.2.5\matllab
ClickOkan
ndapplythesettingbycliickingSavebutton
e. C
4 LetstesttruntheDyn
4.
[Link]
pyexample1
[Link]
installation,C:\dynarre\4.2.5\exam
mplestoarbitraryworkin
ngfolderyou
ucreate,say,the
folderisondesktop
5 Setthew
5.
workingdirecctorytodeskktop

6 Typetheefollowingto
6.
oruntheexaamplemodelfile
Dynareexxample1

7 Thenyou
7.
uwouldobtaainthefollow
wingresult(Ionlyshowth
hefiguresof
f theexamplee1)

Note:Ifyyouknowho
owtouseMA
ATLAB,itwilltakeyoujusstafewminu
utestogetagripof
[Link](tthefileformaatassumediinDynare)fo
orthetaskslikesolve,sim
mulate,
andestim
[Link]
getyourreadysoon.H
Hereisoneeexcellentexample:
[Link]
[Link]/~esims1/using_dynare.pdf

The
e Macroe
economicc Model D
Data Base
e
The Macroeconomic Model D
Data Base is a
an archive of macroecon
nomic models
s based on the
computational platform of MA
ATLAB (emb
bedded with Dynare) thatt provides va
arious tools ffor
syste
ematic mode
el compariso
on.

1. First,reggisterfordow
1
wnloadviahtttp://www.m
macromodelb
[Link]/reggister
2 Followth
2.
heinstructiontodownloaadMacroMo
odelDataBaasesoftwareversion1.2ffor
Dynare4
4.2(thefilenaameisMMB
B_1_2_Dyn4.zzip)
3 Extractthezipfiletoretrievethefoldercalled
3.
dMMBonan
nyplaceyoulike,andadjjust
Btothepathwherethem
mainfile,MM
MB.m,islocatted
theworkkingdirectoryyofMATLAB

4 Clickingo
4.
onEnter,aaftertypeintthecomman
ndline(notethattheproggramiscase
sensitivee)
MM
MB
5 Youwou
5.
uldseeauserrinterfacepo
opupthatw
willguideyouthrougham
menuofoptio
ons
[Link]
ple:
ChooseapollicyruleTaylor(1993)
a. C
b. C
Choosethem
modelsyouw
wouldliketopickHK_FFPP11continue
c. D
Doyouwanttoplotauto
ocorrelationffunctionsyyes
d. D
Doyouwanttoplotimpu
ulseresponseefunctions
yes
e. D
Doyouwanttoshocksevveralinnovattionscontem
mporaneouslyyyes
f. C
Choosethesshocksyouw
wouldliketop
pickepsa
continue
g. D
Doyouwanttoplotinterrestrate,inflation,outpu
utgroupandoutputorall
vvariablesseelectvariablees
h. D
Doyouwanttoprintouttheuncondiitionalvarian
ncesofthevaariablesno
o

unke,[Link],[Link]
ock
HereeistheresulttofthisHK_FFPP11:[Link]
markketwealthefffectsinaneestimatedDSSGEmodelfo
orHongKong..Economic
Mod
delling,28:31
16334,2011
1

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