Hello.
I'm wondering if we can use the dynare program to solve a model with indeterminacy such as Farmer Guo(1994).
Do we have to change some codes in Dynare?
Thank you.
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dynare for a Model with Indeteminacy?
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dynare for a Model with Indeteminacy?
by HappyWorld » Mon Aug 07, 2006 5:03 pm
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by MichelJuillard » Thu Aug 10, 2006 1:02 pm
I don't have Farmer Guo (1994) at hand can you send it to me so I can answer?
Best
Michel
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Michel
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Two original Papers on indeterminacy
by HappyWorld » Thu Aug 10, 2006 5:10 pm
Here are two original papers on the model with indeterminacy.
1. Farmer and Guo(1994 JET)
2. Yi WEN (1998, JET)
In this model, two eigen values are less than one, so they have dynamics of 'SINK' rather than 'Saddle Path'.
Thank you.
1. Farmer and Guo(1994 JET)
2. Yi WEN (1998, JET)
In this model, two eigen values are less than one, so they have dynamics of 'SINK' rather than 'Saddle Path'.
Thank you.
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Yiwen1998JET.pdf- refer Page 13
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- FarmerGuo1994JET.pdf
- refer Page 50
- (1.09 MiB) Downloaded 128 times
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by MichelJuillard » Fri Aug 11, 2006 1:29 pm
Thanks, I will look at it and get back to you
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Michel
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