My aim is to apply a monetary rule simultaneously to 3 countries in one script.
Each country has it’s own supply and demand curve and it’s own shocks.
A script for one country seem to be as follow:
var y, pi, br, tcn;
varexo ey, epi, ebr, etcn;
parameters a1, a2…
var ey; stderr 3.74;
var epi; stderr 0.28;
var etcn; stderr 0.88;
As I said, my aim is to get a program in one script where the same monetary rule (br) is applied to 3 countries at the same time.
Thank you in advance