Help me with BGG Model (1999) with exogenous bubble
Posted: Fri Aug 14, 2015 9:25 pm
Hi everyone, i am new to Dynare. Currently I am trying to replicate the result from Bernanke an Gertler 1999, which is the modified version of BGG model with exogenous bubble. The problem i am dealing with is, there are 18 equations in the model but only with 17 endogenous variables. Have anyone tried to do this with Dynare and have the same problem? Or am I missing something here? Please help!!
I have added the link of the article below, please have a look!!
http://www.nber.org/papers/w7559.pdf
I have added the link of the article below, please have a look!!
http://www.nber.org/papers/w7559.pdf