Hi, I am learning dynare for the first time for an NK model. I now have a misalignment between equations and unknowns.
nk.mod (2.0 KB)
You cannot determine w
and p
separately, only the real wage. Start from:
nk.mod (1.8 KB)
There is now an issue with the steady state. Check the affected equations. There seem to be mistakes in the algebra.
Thank you, professor. The problem is solved already and I made everything to the real level in your direction.