Hi to all
I am replicating a paper Putting home economics into macroeconomics. Here I am attaching my mod file.
When I compare standard deviations for different endogeneous variables obtained from dynare simulation with the standard deviations reported in the paper. There is very drastic difference.
I read here on the forum and some literature from university courses that Dynare takes the variables as logs.
Can anybody help me in transformation of dynare generated standard deviation into what reported.
e04.mod (3.1 KB)