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Very basic RBC
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Very basic RBC
by matrix99 » Mon Oct 06, 2014 8:26 pm
Hi guys, I'm trying to learn dynare in these days for my master thesis, so i started with a very simple RBC following the paper attached (BasicRBC). Despite this, it appears i do something wrong in the initval section, because i don't get zero steadystate values. Any suggestion for a beginner? Thank you very much!
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Re: Very basic RBC
by jpfeifer » Tue Oct 07, 2014 8:24 am
1. Your timing is wrong, see the manual. Given your beginning of period stock convention, you must use
2. There is a log missing in the RHS of your exogenous law of motion. It must be
Attached is the running file.
- Code: Select all
predetermined_variables k;
2. There is a log missing in the RHS of your exogenous law of motion. It must be
- Code: Select all
log(z)=rho*log(z(-1)) + e;
Attached is the running file.
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