Hi
Im having some problems to solve a NK model presenting in the following paper about the Japanase problems with deflation and demographics https://www.aeaweb.org/conference/2015/retrieve.php?pdfid=949.
I try to solve it using the steady_state_model block but the equations turn into non-linear ones and I dont know how to deal with it properly. I refuse to use the initval block because I dont know how to guess the values properly for this exercise
The equilibrium conditions of the models can be founded in pages 35 to 38.
Thanks in advance
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NK model steady state
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NK model steady state
by Manuel CG » Wed Apr 19, 2017 9:00 am
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baseline2.mod- Dynare code
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- Manuel CG
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Re: NK model steady state
by jpfeifer » Fri Apr 21, 2017 7:41 am
Where exactly is the problem? You could use a steady state file to solve a nonlinear equation. An example is the NK_baseline.mod in the Dynare examples folder.
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