Hello,
I performed a NK DSGE model for a small-open economy. I wrote the equations in log-linear form, not dev from ss, in order to find a steady state.
Inflations and terms of trade weren't diff(1) because they were stationary; gdps, the exchange rate and interest rates were log diff
In the estimation, "steady" shows negative values for most of my observable variables.
- attached the mod and data files -
Please help.