16 lines
1 KiB
Text
16 lines
1 KiB
Text
Dynare is a software platform for handling a wide class of economic models, in
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particular dynamic stochastic general equilibrium (DSGE) and overlapping
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generations (OLG) models. The models solved by Dynare include those relying on
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the rational expectations hypothesis, wherein agents form their expectations
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about the future in a way consistent with the model. But Dynare is also able to
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handle models where expectations are formed differently: on one extreme, models
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where agents perfectly anticipate the future; on the other extreme, models where
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agents have limited rationality or imperfect knowledge of the state of the
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economy and, hence, form their expectations through a learning process. In terms
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of types of agents, models solved by Dynare can incorporate consumers,
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productive firms, governments, monetary authorities, investors and financial
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intermediaries. Some degree of heterogeneity can be achieved by including
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several distinct classes of agents in each of the aforementioned agent
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categories.
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WWW: https://www.dynare.org/
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