I am very new to Dynare. I am trying to replicate Sims & Wolff (2017)'s medium-scale DSGE model
sims with appendix.pdf (607.3 KB)
. I want to solely look at government spending shock but Dynare cannot calculate steady-state values of the endogenous variables. I really don’t know what went wrong with my codes. Here is my mod file.
sims_gsshock1.mod (6.1 KB)
Any help is greatly appreciated!