external steady state file with linear model

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Re: external steady state file with linear model

Postby hodabbbb » Wed Sep 23, 2015 2:24 pm

Thanks again.
I had a problem with the results (economic view) of the nonlinear version.

I could fix the linear version too following your advice in another post:
BK is almost always a timing problem.


But again it was an arbitrary solution. For example the Financial accelerator of BGG says in paper says

Code: Select all
 
 RK(+1) = rho(+1)  + R(+1)

where ''rho'' is a premium on interest rate

I had to make the lags of these equal to zero to make BK satisfy ... Is it right ? probably not.
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Re: external steady state file with linear model

Postby jpfeifer » Wed Sep 23, 2015 7:58 pm

When you want to implement BGG, you should look at https://sites.google.com/site/ambropo/dynarecodes
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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