Gertler&Karadi (2011) credit policy implementation
Posted: Sat May 20, 2017 10:58 am
Hi,
I'm relatively new to dynare, so I was hoping to get some help from this forum.
I'm currently implementing a countercyclical capital requirement into Gertler & Karadi (2011). I downloaded the mod file from the macro model database, but I can't get the credit policy to run inside dynare.
EDIT: I've just tried running it using the Model Database procedure (in which you can select the model, shocks etc.)
The problem is that I HAVE to choose a monetary policy rule, and theirs is not on the list.
Eventually, I want to change some of the equations of the model, and see how the results are different between a situation WITH and WITHOUT the credit policy. Any suggestions?
Thanks in advance!
I'm relatively new to dynare, so I was hoping to get some help from this forum.
I'm currently implementing a countercyclical capital requirement into Gertler & Karadi (2011). I downloaded the mod file from the macro model database, but I can't get the credit policy to run inside dynare.
EDIT: I've just tried running it using the Model Database procedure (in which you can select the model, shocks etc.)
The problem is that I HAVE to choose a monetary policy rule, and theirs is not on the list.
Eventually, I want to change some of the equations of the model, and see how the results are different between a situation WITH and WITHOUT the credit policy. Any suggestions?
Thanks in advance!