Nonlinear/2nd order Smets-Wouters
Posted:
Mon Sep 10, 2012 4:09 pmby cfp
Hi,
Does anyone have (or know of) any Dynare code for a second order or fully nonlinear approximation to the Smets and Wouters model (or similar)?
Thanks in advance,
Tom
Re: Nonlinear/2nd order Smets-Wouters
Posted:
Tue Aug 18, 2015 9:01 amby jpfeifer
For the Smets/Wouters model, the answer is no: see
http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=7174For a similar model, see the NK_baseline.mod in the Dynare examples folder.
Re: Nonlinear/2nd order Smets-Wouters
Posted:
Tue Aug 18, 2015 2:58 pmby cfp
Thanks. This was an old thread! I believe there is actually a version in the model database of Wieland et al now, though I haven't played around with it.
Re: Nonlinear/2nd order Smets-Wouters
Posted:
Tue Aug 18, 2015 3:04 pmby jpfeifer
I posted this for future reference as the question regularly pops up and this is the first thing Google spits out. The Macromodelbase only has the linearized Smets/Wouters (2007) model.