Dynare Codes for Gali Chapter3: Basic NK model
Posted: Tue Sep 09, 2014 1:58 amthe attached files replicate figures 3.1, 3.2, 3.3 and 3.4 showed in Gali's book (Chapter 3).
note that fig 3.4 (response of nominal rate) --> 0, then an approximation error explain the difference with the original graph.
note that fig 3.4 (response of nominal rate) --> 0, then an approximation error explain the difference with the original graph.