Simple NK Model
Posted: Mon Sep 28, 2015 8:23 amHi,
I am trying to run a simple Non-linear New-Keynesian model, but it doesn't satisfy to BK conditions. However it does and displays IRFs correctly when I remove the budget constraint. Can anyone help with this problem?
I am trying to run a simple Non-linear New-Keynesian model, but it doesn't satisfy to BK conditions. However it does and displays IRFs correctly when I remove the budget constraint. Can anyone help with this problem?