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Model with financial accelerator shut off?

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Model with financial accelerator shut off?

Postby fangtong » Tue Jun 27, 2017 2:43 pm

I recently download the replication code for BGG model. In the paper, Bernanke et al. also provided the baseline model with no financial accelerator. How can I get the replication of the model with no financial accelerator? I would like to compare the two different models.
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Re: Model with financial accelerator shut off?

Postby jpfeifer » Tue Jun 27, 2017 4:22 pm

It seems you need to strip out the financial accelerator features yourself. It does not seem to be sufficient to just change the parameters, because the steady states are hardcoded. That complicates the issue considerably.
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Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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Re: Model with financial accelerator shut off?

Postby fangtong » Thu Jun 29, 2017 3:52 am

jpfeifer wrote:It seems you need to strip out the financial accelerator features yourself. It does not seem to be sufficient to just change the parameters, because the steady states are hardcoded. That complicates the issue considerably.


thanks, i will try
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