Implementation of Rubio&Carrasco-Gallego Dynare Working Pape
Posted: Sat Apr 27, 2013 2:44 pmHi Everybody,
I am new to Dynare and I wanted to implement the simple Rubio&Carrasco-Gallego Dynare Working Paper ( http://www.dynare.org/wp-repo/dynarewp023.pdf ).
I have written a system based on FOC and equilibrium conditions stated on the paper. I am almost sure my equations and code is correct (or at least same as the equations stated in the paper), however I have been getting unable to find the steady state error that has been the topic of many problems in this forum. I believe the system is too simple for Dynare not to calculate its steady states. So I do not think it is an issue initvalue problem.I suspect perhaps I made some crucial essential mistakes that I cannot realize with my poor knowledge of Dynare programming.
I would highly appreciate any comments and suggestions in order to have a working code. I also believe it will be beneficial for the Dynare community since the paper is referenced as an example paper beginners like me.
Many Thanks,
CC
I am new to Dynare and I wanted to implement the simple Rubio&Carrasco-Gallego Dynare Working Paper ( http://www.dynare.org/wp-repo/dynarewp023.pdf ).
I have written a system based on FOC and equilibrium conditions stated on the paper. I am almost sure my equations and code is correct (or at least same as the equations stated in the paper), however I have been getting unable to find the steady state error that has been the topic of many problems in this forum. I believe the system is too simple for Dynare not to calculate its steady states. So I do not think it is an issue initvalue problem.I suspect perhaps I made some crucial essential mistakes that I cannot realize with my poor knowledge of Dynare programming.
I would highly appreciate any comments and suggestions in order to have a working code. I also believe it will be beneficial for the Dynare community since the paper is referenced as an example paper beginners like me.
Many Thanks,
CC