Hi, I am trying to write a sticky price model. Following dynare manual, the optimal price p*=S/D, where S and D are infinite sum of some variables. Then write S and D recursively out. But it seems that dynare reports that Blanchard and Kahn condition is not satisfied. I check manytimes, but can not find the mistakes.
Is there anyone who can help me on this? Thank you very much!
Best
Jianhuan
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sticky price model
by xujh03 » Thu Feb 04, 2010 11:46 pm
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stickyprice_steadystate.m- (1.93 KiB) Downloaded 118 times
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- xujh03
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Re: sticky price model
by AssiaEzzeroug » Tue Feb 09, 2010 7:39 am
Hi,
First you didn't assign a value to the parameter "phi". Besides, your steady-state file (stickyprice_steadystate.m) is called differently than your mod-file (stickprice) such as Dynare cant find your initial values to compute the steady-state and set each variable at 0 by default.
Best
First you didn't assign a value to the parameter "phi". Besides, your steady-state file (stickyprice_steadystate.m) is called differently than your mod-file (stickprice) such as Dynare cant find your initial values to compute the steady-state and set each variable at 0 by default.
Best
- AssiaEzzeroug
- Posts: 83
- Joined: Tue Nov 24, 2009 3:48 pm
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