Dynare parallel on Windows: PSTools, creating a configuration file and a simple estimation example

This is a quick tutorial on how to use the parallel option in Dynare on Windows. First, we cover how to install PSTools and add it to the user or system path. Then we create a configuration file for Dynare. An example mod-file is provided which estimates a small DSGE model using the Random-Walk Metropolis-Hastings MCMC algorithm with 4 chains computed in parallel.

**Timestamps**
00:20 Install PSTools and add to user or system path
01:50 Manual section on Dynare configuration file
02:30 Overview example mod file
04:15 What Dynare can do in parallel
04:30 Create a configuration file
05:23 Testing parallel configuration
06:23 Estimation example
08:00 Put configuration file in standard location

PS: No babies were harmed during production of the video ;-)

[healthandfitness]

Professor,
I need your help badly.I know how to run mod.the main problem is that i face problem while using simulation with my data.is there any notes or material that will specially teach me using mod file techniques?

[Inayat-lc]

Willi, please help. When I run dynare in the command window it doesn't open. I have added path to MATLAB as specified in dynare reference manual. it shows as follows:

dynare exp.mod
Using 64-bit preprocessor
Starting Dynare (version 4.6.1).
Calling Dynare with arguments: none
ERROR: Could not open file: exp.mod

Error using fprintf
Invalid file identifier. Use fopen to generate a valid file identifier.

Error in dynare (line 276)
fprintf(fid, '%s', result);

[ubahjeremiah]

Help.. how can I get a comprehensive free tutorial on dsge. In order for me to employ it in my research into the Nigerian economy