Hey everyone,
From what I understand of the way Dynare functions, it seems to me that it is not possible to work with models where the Blanchard-Kahn conditions are not met.
However, I was wondering whether it would be possible to carry out the type of analysis presented in Lubik and Schorfheide's (2004) "Testing for Indeterminacy: An Application to US Monetary Policy," which explicitly deals with the case of indeterminacy? If not, is it something that might be implemented in future versions of Dynare?
Thank you very much!
Alexis
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analysing models with indeterminacy
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analysing models with indeterminacy
by alexisgrigorieff » Thu Aug 08, 2013 9:55 am
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Re: analysing models with indeterminacy
by jpfeifer » Mon Aug 12, 2013 11:14 am
It is possible and we are working on it, but it is still very far away: https://github.com/DynareTeam/dynare/issues/111
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Re: analysing models with indeterminacy
by alexisgrigorieff » Tue Aug 13, 2013 8:53 am
Thank you very much for the quick reply! I look forward to seeing that functionality implemented in future versions of Dynare.
All the best,
Alexis
All the best,
Alexis
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