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About Dynare

Dynare is a software platform for handling a wide class of economic models, in particular dynamic stochastic general equilibrium (DSGE) and overlapping generations (OLG) models. The models solved by Dynare include those relying on the rational expectations hypothesis, wherein agents form their expectations about the future in a way consistent with the model. But Dynare is also able to handle models where expectations are formed differently: on one extreme, models where agents perfectly anticipate the future; on the...

What's new in 7.1

We are pleased to announce the release of Dynare 7.1. This maintenance release fixes various bugs. The Windows, macOS, MATLAB Online and source packages are available for download at the Dynare website. This release is compatible with MATLAB versions ranging from 9.8 (R2020a) to 26.1 (R2026a), and with GNU Octave versions ranging from 8.4.0 to 11.1.0 (NB: the Windows package requires version 11.1.0 specifically). Here is a list of the problems identified in version 7.0 and that have been fixed in version 7.1: - Heterogeneity: - Complementarity conditions present in the model(heterogeneity=…) block were interpreted with the wrong sign (i.e. the sign opposite to what the documentation says). - Aggregate variables that only appeared in the heterogeneous model block were not detected as present in the model. - The conditional_forecast command on an estimated model would not correctly update the parameter vector. - OccBin: - With two constraints, OccBin would crash if max_check_ahead_periods option is finite. - The PKF smoother would crash if the decision rules need to be recomputed. - The relaxation algorithm would crash if a parameter draws produced a single-period binding regime. - Shock decomposition would crash if the smoother entered a periodic regime loop. - The contemp_reduced_form option of the sbvar command was broken. - In a shock_paths block, the syntax self.EXOGENOUS_NAME would not work when referring an exogenous variable declared in a previous shock_paths block. As a reminder, the list of new features introduced in versions 7.x can be found in the release notes fo...

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