Predetermined variables
Posted: Thu Apr 10, 2014 3:51 pm
Hi, I am having many troubles with a 2 country rbc, dsge model.
I was wondering if the problem could be in detecting predetermined variables. I have the following endogenous variables:
-Consumption
-Capital
-Capital renting rate
-Labour
-Bond
-Bond rate
-Technology
-Taxation on consumption, labour and capital
I know that capital is predetermined and I am using dynare convention (capital at time t becomes k(-1)). Can you tell me which of the other variables I wrote are predetermined?
Thanks!
I was wondering if the problem could be in detecting predetermined variables. I have the following endogenous variables:
-Consumption
-Capital
-Capital renting rate
-Labour
-Bond
-Bond rate
-Technology
-Taxation on consumption, labour and capital
I know that capital is predetermined and I am using dynare convention (capital at time t becomes k(-1)). Can you tell me which of the other variables I wrote are predetermined?
Thanks!