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Model with financial accelerator shut off?

PostPosted: Tue Jun 27, 2017 2:43 pm
by fangtong
I recently download the replication code for BGG model. In the paper, Bernanke et al. also provided the baseline model with no financial accelerator. How can I get the replication of the model with no financial accelerator? I would like to compare the two different models.

Re: Model with financial accelerator shut off?

PostPosted: Tue Jun 27, 2017 4:22 pm
by jpfeifer
It seems you need to strip out the financial accelerator features yourself. It does not seem to be sufficient to just change the parameters, because the steady states are hardcoded. That complicates the issue considerably.

Re: Model with financial accelerator shut off?

PostPosted: Thu Jun 29, 2017 3:52 am
by fangtong
jpfeifer wrote:It seems you need to strip out the financial accelerator features yourself. It does not seem to be sufficient to just change the parameters, because the steady states are hardcoded. That complicates the issue considerably.


thanks, i will try