Dear all, I tried to replicate the Determinacy Analysis of the paper: “A New Keynesian model with heterogeneous expectations” written by Branch and McGough (2009). When I change the parameters \alpha and \theta as in Figure 1 and 2 of the paper, I obtain different results (except that for \alpha =…

Dear Max1, Your problem comes from an incompatibility between MATLAB and Octave in the qz() command. More precisely, MATLAB and Octave do not follow the same rules in order to select between the real and the complex QZ decomposition. MATLAB by default does the complex one (and does the real one on…

Branch and McGough (2009) Determinacy Analysis

General DSGE Modeling Replication Attempts

jpfeifer December 21, 2018, 1:15pm 11

At the current time: