Can anybody help in asset bubbles modeling in DSGE, e.g., replicating the artiacle of Bernanke & Gertler (BG) Monetary Policy and Asset Pricing?
- How to get their Chart 1? I hve BGG Financial accelerator model but cannot introduce the asset bubble, specifically:
- What about eqution A5: should I multiply it by p=0.5.
- How to trigger the bubble in Dynare,what about bursting it, how it can be done?
Thank anybody for any help,