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new keynesian model
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new keynesian model
by paolobono » Mon Jul 02, 2007 2:45 pm
I'd like to estimate a system with the new keynesian IS curve, the new keynesian Phillips curve and the taylor rule. I tried to find the analitical solution first, but i did't find it. Where can I search for references or examples like that one?
- paolobono
- Posts: 1
- Joined: Sat Jun 30, 2007 5:51 pm
New Keynesian Model with IS and Phillips curve
by Cem279 » Wed Jul 04, 2007 1:35 pm
Hi Paolobono,
I am sending attached a file by Philip Liu from Australian National University which features both the analytical form and Dynare code sample of a New Keynesian Model with IS and Phiips curve and Taylor rule by Cho and Moreno (Journal of Credit Money and Banking, 2000).
As a matter of fact I am using this model to investigate post-crisis monetary policy effects in Turkey but somewhat have had to suspend it temporarily because I got stuck into a local maximum bound problem.
Hope you don't have the same problem.
Cheers.
I am sending attached a file by Philip Liu from Australian National University which features both the analytical form and Dynare code sample of a New Keynesian Model with IS and Phiips curve and Taylor rule by Cho and Moreno (Journal of Credit Money and Banking, 2000).
As a matter of fact I am using this model to investigate post-crisis monetary policy effects in Turkey but somewhat have had to suspend it temporarily because I got stuck into a local maximum bound problem.
Hope you don't have the same problem.
Cheers.
- Attachments
-
macro_dynare.pdf- File by by Phillip Liu to demonstrate a Dynare application.
- (102.53 KiB) Downloaded 2321 times
- Cem279
- Posts: 3
- Joined: Tue Mar 20, 2007 2:00 pm
2 posts
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