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Dynare 7.0, released by the Dynare Team, is an open-source computational platform designed for the specification, simulation, and estimation of dynamic stochastic general equilibrium (DSGE) and overlapping-generations (OLG) economic models. The software accommodates a broad spectrum of expectation-formation hypotheses, ranging from perfect-foresight and rational-expectations environments to adaptive-learning frameworks in which agents possess limited knowledge. Model economies may be populated with heterogeneous consumers, firms, governments, monetary authorities, investors, and financial intermediaries, each potentially subdivided into distinct classes to capture agent-level heterogeneity. Users encode the model structure—endogenous and exogenous variables, parameters, dynamic equations, and desired outputs—in a concise, human-readable text file; Dynare then parses this file and automatically generates MATLAB or Julia code that performs steady-state computation, deterministic or stochastic simulation, impulse-response analysis, likelihood evaluation, Bayesian or frequentist parameter estimation, optimal policy design, and forecasting. Since the initial public release, four major versions have appeared, successively adding support for higher-order perturbation methods, particle filters, Markov-switching regimes, and parallel execution on multicore clusters. The package is widely employed by academic researchers, central-bank economists, and graduate students for policy analysis, academic publication, and classroom instruction. The software is available for free on get.nero.com, with downloads provided via trusted Windows package sources (e.g. winget), always delivering the latest version, and supporting batch installation of multiple applications.
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