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Commit 608c82fd authored by Sébastien Villemot's avatar Sébastien Villemot
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Improve the release announcement for 4.3.0

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Announcement for Dynare 4.3.0 (on 2012-06-15) Announcement for Dynare 4.3.0 (on 2012-06-15)
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We are pleased to announce the release of Dynare 4.3.0. We are pleased to announce the release of Dynare 4.3.0. This major release adds
new features and fixes various bugs.
This major release adds new features and fixes various bugs. The Windows and Mac packages are already available for download at:
The Windows and Mac packages are already available for download. The GNU/Linux http://www.dynare.org/download/dynare-4.3
packages should follow soon.
The GNU/Linux packages should follow soon.
All users are strongly encouraged to upgrade. All users are strongly encouraged to upgrade.
The new release is compatible with MATLAB versions ranging from 7.0 (R14) to The new release is compatible with MATLAB versions ranging from 7.0 (R14) to
7.14 (R2012a) and with GNU Octave versions ranging from 3.2 to 3.6. 7.14 (R2012a) and with GNU Octave versions ranging from 3.2 to 3.6.
Here is the list of main user-visible changes: Here is the list of the main user-visible changes:
* New major algorithms: * New major algorithms:
...@@ -140,7 +142,7 @@ Here is the list of main user-visible changes: ...@@ -140,7 +142,7 @@ Here is the list of main user-visible changes:
macro-variables macro-variables
* Miscellaneous: * Miscellaneous changes:
- The `use_dll' option of `model' now creates a MEX file for the static model - The `use_dll' option of `model' now creates a MEX file for the static model
in addition to that for the dynamic model in addition to that for the dynamic model
...@@ -154,14 +156,39 @@ Here is the list of main user-visible changes: ...@@ -154,14 +156,39 @@ Here is the list of main user-visible changes:
and unitary tests and unitary tests
* Bugs and problems identified in version 4.2.5 and that have been fixed in
version 4.3.0:
- Backward models with the `loglinear' option were incorrectly handled
- Solving for hyperparameters of inverse gamma priors was sometimes crashing
- The deterministic solver for purely forward models was broken
- When running `estimation' or `identification' on models with non-diagonal
structural error covariance matrices, while not simultaneously estimating
the correlation between shocks (i.e. calibrating the correlation), the
off-diagonal elements were incorrectly handled or crashes were occuring
- When using the `prefilter' option, smoother plots were omitting the smoothed
observables
- In the rare case of entering and expression x as x^(alpha-1) with x being 0
in steady state and alpha being a parameter equal to 2, the Jacobian was
evaluating to 0 instead of 1
- Setting the prior for shock correlations was failing if a lower bound was not
explicitly specified
* References: * References:
- Dennis, Richard (2007): “Optimal Policy In Rational Expectations Models: New - Dennis, Richard (2007): “Optimal Policy In Rational Expectations Models: New
Solution Algorithms,” Macroeconomic Dynamics, 11(1), 31–55 Solution Algorithms,” Macroeconomic Dynamics, 11(1), 31–55
- Fair, Ray and John Taylor (1983): “Solution and Maximum Likelihood Estimation - Fair, Ray and John Taylor (1983): “Solution and Maximum Likelihood
of Dynamic Nonlinear Rational Expectation Models,” Econometrica, 51, Estimation of Dynamic Nonlinear Rational Expectation Models,” Econometrica,
1169–1185 51, 1169–1185
- Fernández-Villaverde, Jesús and Juan Rubio-Ramírez (2005): “Estimating - Fernández-Villaverde, Jesús and Juan Rubio-Ramírez (2005): “Estimating
Dynamic Equilibrium Economies: Linear versus Nonlinear Likelihood,” Journal Dynamic Equilibrium Economies: Linear versus Nonlinear Likelihood,” Journal
......
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