Hi:
I am trying to replicate the results found in chapter 8 of McCandless' ABCs of RBCs. I have one mod file in levels and one that is log-linearized around the steady state but i have failed to arrive at solution. See attached files. Any help would be greatly appreciated. Thanks.
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ABCs of RBCs
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ABCs of RBCs
by samster » Fri Jun 03, 2011 7:20 pm
- Attachments
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chp8.mod- Levels
- (803 Bytes) Downloaded 136 times
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- chp8-1.mod
- Log Linearized
- (914 Bytes) Downloaded 108 times
- samster
- Posts: 16
- Joined: Thu Jul 01, 2010 7:08 pm
Re: ABCs of RBCs
by VNM » Sat Jun 04, 2011 7:51 pm
You appear to be mixing equations from Chapter 6 and Chapter 8, specifically the final two equations (for C and Y) 
. They don't feature in the seven log-linearised equations provided by McCandless on page 205. I've attached a new mod file that should reproduce the IRFs in figures 8.2 and 8.3 of the book, and corrects some other typos in 'chp8-1'.
. They don't feature in the seven log-linearised equations provided by McCandless on page 205. I've attached a new mod file that should reproduce the IRFs in figures 8.2 and 8.3 of the book, and corrects some other typos in 'chp8-1'.- Attachments
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- chap82.mod
- (779 Bytes) Downloaded 196 times
- VNM
- Posts: 2
- Joined: Sat Jun 04, 2011 7:24 pm
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