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CIA in Walsh
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CIA in Walsh
by jplam » Tue Feb 13, 2007 2:12 am
I am trying to solve the simple cia model in Walsh's book page 112. I am unable to make the model converge. It is saying that the B-K conditions is not satisfied. Yet when I solve the model not using dynare but using Uhlig toolbox for example, I can get a solution. Where am I going wrong here. The file is posted as well as the equations. Any help would be appreciated. Thanks
- Attachments
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dynare_help.pdf- Model used
- (28.01 KiB) Downloaded 182 times
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- cia1.mod
- simple CIA
- (2.01 KiB) Downloaded 155 times
- jplam
- Posts: 1
- Joined: Tue Mar 08, 2005 8:19 am
by MichelJuillard » Thu Feb 15, 2007 8:20 am
1) Did you check the errata on Walsh web site?
2) eq (20) doesn't match the *.mod file
3) eq (23) has an erroneous -1 at the end in the *.mod file
4) it won't matter for order 1, but you can't combine the expectation, the way that you are doing: E(X)E(Y) isn't equal to E(XY)
Best
Michel
2) eq (20) doesn't match the *.mod file
3) eq (23) has an erroneous -1 at the end in the *.mod file
4) it won't matter for order 1, but you can't combine the expectation, the way that you are doing: E(X)E(Y) isn't equal to E(XY)
Best
Michel
- MichelJuillard
- Posts: 680
- Joined: Thu Nov 18, 2004 10:51 am
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