Hi:
I am trying to replicate the results found in chapter 8 of McCandless' ABCs of RBCs. I have one mod file in levels and one that is log-linearized around the steady state but i have failed to arrive at solution. See attached files. Any help would be greatly appreciated. Thanks.
Dynare forums
Forums for asking questions, posting comments and uploading examples related to Dynare
ABCs of RBCs
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
3 posts
• Page 1 of 1
ABCs of RBCs
by samster » Fri Jun 03, 2011 7:20 pm
- Attachments
-
chp8.mod- Levels
- (803 Bytes) Downloaded 135 times
-
- chp8-1.mod
- Log Linearized
- (914 Bytes) Downloaded 107 times
- samster
- Posts: 16
- Joined: Thu Jul 01, 2010 7:08 pm
Re: ABCs of RBCs
by VNM » Sat Jun 04, 2011 7:51 pm
You appear to be mixing equations from Chapter 6 and Chapter 8, specifically the final two equations (for C and Y) 
. They don't feature in the seven log-linearised equations provided by McCandless on page 205. I've attached a new mod file that should reproduce the IRFs in figures 8.2 and 8.3 of the book, and corrects some other typos in 'chp8-1'.
. They don't feature in the seven log-linearised equations provided by McCandless on page 205. I've attached a new mod file that should reproduce the IRFs in figures 8.2 and 8.3 of the book, and corrects some other typos in 'chp8-1'.- Attachments
-
- chap82.mod
- (779 Bytes) Downloaded 195 times
- VNM
- Posts: 2
- Joined: Sat Jun 04, 2011 7:24 pm
3 posts
• Page 1 of 1
Who is online
Users browsing this forum: Google [Bot] and 6 guests