Simple NK Model

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Simple NK Model

Postby Narekok » Mon Sep 28, 2015 8:23 am

Hi,

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?
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Narekok
 
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Re: Simple NK Model

Postby jpfeifer » Thu Oct 01, 2015 9:24 pm

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Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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