DSGE Models in Stata (8): Forecast Tutorial

[@JDEconomics]

Hello Everyone! I hope you are enjoying the free DSGE course. Please leave your comments/feedback! 📈 DSGE Course in Matlab Dynare: jdeconomicstore.com/b/dsge-dynare-course ✅ You can buy the DO File Along with the slides and paper (maths solved) at: jdeconomicstore.com/b/dsgemodelstata ✅ Download for Free the PDF With Dynamic Equations, and see the course outline at: www.jdeconomics.com/dsge-models ☕If you would like to show your appreciation and make a donation: 💳 www.paypal.com/paypalme/JDEconomics?locale.x=en_US Best Regards, Juan D.

[@kakanic]

Thanks JD!!! You are a great inspiration to me

[@JDEconomics]

Thanks for your kind words! Best Regards, JD

[@nicolaschapelok]

Great Job! Thanks a lot for your contribution. Great material.

[@JDEconomics]

Thanks! Best Regards, JD!

[@anudarib]

Very kind of you

[@JDEconomics]

@@anudarib thanks!

[@sauravaryal193]

Excellent work! Really helpful to me in my thesis work in the case of Nepal, hope we get more material in the recent future!.

[@JDEconomics]

Thanks for the feedback!

[@BROWNKEY]

Please start working on octave

[@JDEconomics]

Hi! Thanks for your feedback

[@SA-jb5rc]

Thank you, it is really great. we are waiting for videos that related to (time-varying coefficient)

[@JDEconomics]

Thanks. I don’t know what you mean by videos about time varying coefficient. Regards

[@ACtuber123]

@@JDEconomics Hi, maybe related to time series models with structural break or regime switching especially in multivariate case. Thanks a lot for good teaching.

[@JDEconomics]

@@ACtuber123 Thanks

[@danielefraietta9904]

Hi Juan, great course! thank you very much for your work! I have one quick question: is there a way to make your non-linear equations linear so that I can replicate your model using STATA 15? Thanks!

[@JDEconomics]

Hi Daniele, you would need to linearize the steady state. Nowadays softwares, dynare-stata etc. Linearize them for you. I just believe Stata 15 was a more primitive version. Just like stata 16 that doesn’t have Bayesian dsge models but stata 17 does. Regards

[@yasminelahoucik7985]

Hey , can you please tell me if the method of estimation you used is bayesien method??

[@JDEconomics]

Hi. It’s maximum Likelihood. Bayesian method is only available in Stata 18. Regards,

[@solomonyemidi3203]

JD, good morning from Ghana. I hope you are doing pretty well? I would like to know how you generated the data for investment, consumption, hours worked, and real GDP from the benchmark model to enable you to compute the standard deviations of the benchmark model variables? Because steady-state values are just one data point for each variable, how is it possible to compute their standard deviations? Thanks.

[@JDEconomics]

Hi, as I mentioned in the video. You have to download that data. It’s s real data. Investment for usa, consumption, etc. Data is available in Fred. Once you have the data, you can use the command summarize and get the devitions, and corr to calculate correlations. Regards, JD

[@sunday-thequant8477]

Hey bro! i bought your material, how could i get the same table as your paper?

[@JDEconomics]

Hey, I don’t know which table. Send me an email from the email you bought the material and I’ll reply you there. Regards, JD.

[@sunday-thequant8477]

@@JDEconomics i refer to 1:42 table, thank you bro

[@JDEconomics]

@@sunday-thequant8477 those are just statistic summaries. Grab “consumption” get the summary of the variable and you get the deviation. Then you need to do pairwise correlation between each of the variables. I’m confident that the code is in the Do file. Cheera

[@sunday-thequant8477]

@@JDEconomics thank you bro, gonna check in detail the do file

[@alimsatim6568]

Dear Juan Hi! I sent you an e-mail last weekend. However, you may not have seen it or forgotten it. I want to get your latex file, I really need it. But, Paypal is not working where I am. Is there a way to do this? I can donate to you on Patreon or buy it from on eBay, Amazon etc. I am looking forward to hearing from you. Best Regards, Âlim

[@JDEconomics]

Thanks!

[@alimsatim6568]

@@JDEconomics Thank you !