Dynare forums

Forums for asking questions, posting comments and uploading examples related to Dynare

Skip to content

welfare

This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location where you will have to reset your password.
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
Topic locked

welfare

Postby tahmin » Sun Apr 13, 2014 5:40 am

Dear all,

I just started to used Dynare so I apoligize for my silly questions...
I am trying to replicate the EHL (2000) model in the version elaborated by Gali (2008).
Namely, I want to perform some evaluation of alternative monetary policy rules, and obtain the results in the form of welfare losses with respect to steady state consumption. Is it possible to write down welfare losses as a function of the variance of price inflation, wage inflation and the output gap, as it is done in the book?
tahmin
 
Posts: 37
Joined: Wed Dec 04, 2013 9:48 pm
Top

Re: welfare

Postby jpfeifer » Mon Apr 14, 2014 8:40 am

You can read out the required variance along the lines of
http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=1713
and
http://www.dynare.org/phpBB3/viewtopic.php?f=2&t=5495
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany
Top
Topic locked

Return to Dynare help

Who is online

Users browsing this forum: Google [Bot] and 6 guests

Powered by phpBB® Forum Software © phpBB Group